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December 20, 2024

China Maintains Steady Lending Rates Amid Fed Signals

China has decided to keep its benchmark lending rates unchanged, reflecting a cautious approach in a shifting economic landscape. The one-year loan prime rate remains at 3.1%, while the five-year loan prime rate sits at 3.6%. This decision comes as the Federal Reserve indicates a more conservative stance on future rate cuts. Analysts believe that China’s steady rates aim to stabilize economic growth and control inflation amid global economic uncertainties. By keeping rates stable, China seeks to support businesses in need of funding while carefully navigating the international financial environment. Observers will closely monitor how this decision impacts China’s economy and its trade relations moving forward.

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