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Welcome to China Business Now, a 3-minute digest of what happened in China’s business sector, presented by 21st Century Business Herald.
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Tuesday Dec 21, 2021
Tuesday Dec 21, 2021
China’s central bank cut a benchmark lending rate on Monday for the first time since April 2020 during the height of the pandemic in the country. The one-year loan prime rate was set at 3.8 percent versus 3.85 percent in November, according to a statement from the People’s Bank of China (PBOC) on Monday. The five-year loan prime rate, a reference for mortgages, was unchanged at 4.65 percent.
https://m.21jingji.com/article/20211220/herald/54b303ba4460512aa8d287fe21372b62.html
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