SHANGHAI/SINGAPORE : China is widely expected to stand pat on lending benchmarks at the monthly fixing on Thursday, a Reuters survey showed, as economic recovery has been well on track - as seen from better-than-expected first-quarter data.China's economy grew at a faster-than-expected pace in the first q
SHANGHAI/SINGAPORE : China is widely expected to stand pat on lending benchmarks at the monthly fixing on Thursday, a Reuters survey showed, as economic recovery has been well on track - as seen from better-than-expected first-quarter data.
The loan prime rate , which banks normally charge their best clients, is calculated each month after 18 designated commercial banks submit proposed rates to the People's Bank of China . The remaining three respondents forecast a marginal 5 basis-point reduction to either the one-year or five-year LPR.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Germany's Hamburg airport cancels all departures Thursday and Friday due to strikeArrivals will still be possible but flights may be delayed or cancelled. Read more at straitstimes.com.
Read more »
China Q1 GDP grew 4.5% year on year, above expectationsAnalysts polled by Reuters expect China’s growth in 2023 to speed up to 5.4 per cent. Read more at straitstimes.com.
Read more »
Chinese households turn to jewellery and gold in flight to safetySHANGHAI/SINGAPORE - Violet Zhu, a Shanghai-based electronic components exporter, has been attending jewellery auctions and chatting on social media forums on the subject this year, looking to invest in rubies and diamonds. 'I don't have the brain for stock investments, and I am waiting to redeem mutual fund products once they break even. But in the meantime, I have been...
Read more »
China’s grey-zone tactics toward Taiwan raise risk of miscalculation and escalation: AnalystsThese actions are designed to intimidate while stopping short of a conventional war, they said. Read more at straitstimes.com.
Read more »
Luxury e-tailer Mytheresa bets on post-COVID China expansionSHANGHAI : German luxury e-tailer Mytheresa is refocusing its efforts to grow its business in China, a notoriously competitive e-commerce landscape dominated by local giants Alibaba and, increasingly, Douyin, the Chinese version of Tiktok. The company plans to court shoppers in the world's third largest
Read more »
Big investors dump China shares, add oil to portfolios -GoldmanNEW YORK : Big global money managers got rid of a high volume of Chinese equities in recent days, while adding U.S. energy shares to portfolios at a near-record pace, according to a Goldman Sachs report.Managers decided to sell Chinese equities amid heightened geopolitical tensions between the world's sec
Read more »