Press "Enter" to skip to content

UPDATED: China moves closer to interest rate reforms to lower borrowing cost amid weak data


China is moving closer to the long-awaited interest rate reforms to help lower borrowing cost for the corporate sector after the weaker-than-expected data in July deepened concerns that the world's second largest economy is slowing further despite a slew of boosting measures introduced in the past one year.

The People's Bank of China (PBOC) said the national interbank funding center will start announce new loan prime rate (LPR) starting August 20, which will be based . . .

To continue reading, please subscribe. You will get

  • An indispensable and reliable source of information on China's economy and financial markets
  • Original and in-depth reporting 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a real-time financial news platform focused on China
  • Daily Brief newsletter to get you prepared for every trading day

FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.


Already have an account? Sign In