China Loan Prime Rate 1Y
the Loan Prime Rate (LPR) as the new lending standard for new bank loans to households and businesses, effectively displacing the central bank's one-year lending rate as the new lending benchmark it was declared on August 17th, 2019, by the People's Bank of China (PBOC). The rate is based on a weighted average of loan rates submitted by 18 commercial banks to the national interbank financing center by 9:00 a.m. CST on the 20th of each month, based on what they have bid for PBOC liquidity in open market operations.
A higher than expected figure should be seen as positive (bullish) for the CNY while a lower than expected figure should be seen as negative (bearish) for the CNY.
News (CNY)
China Exports & Imports Rebound In April
China's exports and imports rebounded more than expected in April after a weak trade data in the previous month that boost hopes that net trade would support economic growth, official data revealed Thursday. Largely due to the lower base of comparison, exports advanced 1.5 percent on a yearly basis in April, the customs office reported. This was faster than the 1.0 percent expected growth and rev
RTTNews | 5 days ago
China Service Sector Growth Moderates In April
China's service sector continued to expand in April but the pace of growth moderated slightly, survey results from S&P Global showed on Monday. The Caixin services Purchasing Managers' Index fell to 52.5 in April from 52.7 in the previous month. A reading above 50.0 indicates expansion in the sector. The official PMI survey results also showed that the private sector growth moderated in April.
RTTNews | 8 days ago
China Services Sector Ebbs In April - Caixin
The services sector in China continued to expand in April, although at a slower pace, the latest survey from Caixin revealed on Monday with a services PMI score of 52.5.
RTTNews | 8 days ago
