To china now where the authorities are trying to support its struggling economy. the country s central bank has just cut one of its core lending rates, it s so called one year loan prime rate and it s now at a fresh record low of 3.45%. but it s decided to leave its five year rate unchanged at 4.2%. recently we have been talking about a slew of gloomy economic data coming out of china, the world s second biggest economy? joao da silva is following the story from our asia business hub in singapore. investors are underwhelmed by the smooth? investors are underwhelmed by the smooth? they are because it looks like the the smooth? they are because it looks like the central the smooth? they are because it looks like the central bank- the smooth? they are because it looks like the central bank had . looks like the central bank had not gone as space people were expecting. the people s bank of china has cut the one year loan prime rate, the medium term lending benchmark for corporate loan
One of its core lending rates, it s so called one year loan prime rate, and it s now at a fresh record low of 3.45%. but the five year lending rate has been left unchanged at 4.2%. there s been a slew of poor economic data in recent weeks, pointing to a slowdown in the world s second biggest economy. over the past 10 years, china has generated a1% of the world s growth almost double the 22% contribution from the us, and dwarfing 9% from the euro area. joining me now is janet mui, head of market analysis at rbc brewin dolphin. worrying times here given the size of china s output, the government was expected to do more. is of china s output, the government was expected to do more.- was expected to do more. is this enou~h? was expected to do more. is this enough? thank was expected to do more. is this enough? thank you was expected to do more. is this enough? thank you for - was expected to do more. is this enough? thank you for having i was expected to do more. is this l enough? th
One of its core lending rates, it s so called one year loan prime rate, and it s now at a fresh record low of 3.a5%. but the five year lending rate has been left unchanged at a.2%. there s been a slew of poor economic data in recent weeks, pointing to a slowdown in the world s second biggest economy. over the past 10 years, china has generated a1% of the world s growth almost double the 22% contribution from the us, and dwarfing 9% from the euro area. joining me now is janet mui, head of market analysis at rbc brewin dolphin. worrying times here given the size of china s output, the government was expected to do more. is of china s output, the government was expected to do more.- was expected to do more. is this enou~h? was expected to do more. is this enough? thank was expected to do more. is this enough? thank you was expected to do more. is this enough? thank you for - was expected to do more. is this enough? thank you for having i was expected to do more. is this l enough? th