2023-11-20 01:41:53 ET
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The People’s Bank of China left its one and five-year loan prime rates steady at 3.45% and 4.2%, respectively, in line with expectations.
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The decision came as economic data for October came in mixed, while authorities continued to assess the impact of the latest stimulus measures on the economy.
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Last week, Chinese President Xi Jinping and US President Joe Biden agreed to resume high-level military communication amid efforts to ease growing geopolitical tensions in Asia.
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ETFs: ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ).
Currency: ( CNY:USD )
More on China economy:
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China industrial production and retail sales rise; jobless rate steady at 5%
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People's Bank of China injects more cash to support weak economy, keeps rates unchanged
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China inflation: CPI, PPI shrink in October, deflationary pressure deepens
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China factory activity unexpectedly drops in October amid weak demand
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China manufacturing unexpectedly shrinks, services miss forecast in October
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For further details see:
China keeps loan prime rates unchanged