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Is China s consumption story over? Here s what experts are saying | Hellenic Shipping News Worldwide

Is China s consumption story over? Here s what experts are saying | Hellenic Shipping News Worldwide
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Is China s consumption story over? Here s what experts are saying

For China's manufacturing-heavy economy, market players are now looking towards the services and consumption side to propel China's growth in the next year.

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China Leaves Lending Benchmark Rates Unchanged as Expected

China Leaves Lending Benchmark Rates Unchanged as Expected
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Chinese Banks Hold Benchmark Lending Rate for Fourth Month

Chinese Banks Hold Benchmark Lending Rate for Fourth Month
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China leaves lending benchmark rates unchanged as expected

China stood pat on benchmark lending rates at the monthly fixing on Wednesday, matching market expectations, after the central bank kept its medium-term policy rate steady earlier last week. The one-year loan prime rate (LPR) was kept at 3.45%, while the five-year LPR was unchanged at 4.20%. Most new and outstanding loans in the world's second-largest economy are based on the one-year LPR, which stands at 3.45%.

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