China cuts benchmark lending rate to shore up growth
© Provided by Xinhua BEIJING, Jan. 20 (Xinhua) -- China on Thursday cut the market-based benchmark lending rate, in line with market expectations as au
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© Provided by Xinhua BEIJING, Jan. 20 (Xinhua) -- China on Thursday cut the market-based benchmark lending rate, in line with market expectations as au
Economic Watch: China leverages financial toolkit to navigate economic headwinds-
China's gross domestic product reached 114.37 trillion yuan ($18 trillion) in 2021, an increase of 8.1 percent on a yearly basis, according to the National Bureau of Statistics on Monday. Economists, experts, and analysts all said this performance beats expectations, especially amid the uncertainty caused by the COVID-19 pandemic around the globe.
Major financial indicators like the aggregate financing to the real economy-AFRE-and credit aggregates will further improve in the early part of the year as there is growing anticipation of more supportive monetary and fiscal policies, experts said on Thursday.
Major financial indicators like the aggregate financing to the real economy-AFRE-and credit aggregates will further improve in the early part of the year as there is growing anticipation of more supportive monetary and fiscal policies, experts said on Thursday.