China Lowers Over-Five-Year Loan Prime Rate to 3.95%, Impacting Mortgage Rates
China’s over-five-year loan prime rate (LPR), which influences mortgage rates, has been reduced to 3.95% from 4.2%, while the one-year LPR remains at 3.45%.
News & Insights Across Asia
China’s over-five-year loan prime rate (LPR), which influences mortgage rates, has been reduced to 3.95% from 4.2%, while the one-year LPR remains at 3.45%.
The Chinese mainland is facing a severe cold wave as temperatures are forecast to drop significantly nationwide. Authorities have issued the highest-level alert, urging precautions to protect citizens and agriculture.
China’s Meteorological Administration has issued the highest-level alert as a severe cold wave sweeps across the nation, bringing drastic temperature drops, snow, and strong winds.
At the Munich Security Conference, Chinese Foreign Minister Wang Yi emphasized China’s commitment to global stability, urging trust and cooperation amidst rising global tensions.
A significant increase in travel during China’s Spring Festival sets a promising tone for the country’s tourism industry in the coming year.
China’s railway network handled 230 million passenger trips in the first half of the Spring Festival travel rush, breaking single-day records as millions journeyed home during the festive season.
China is leading the global transition towards renewable energy, according to IRENA’s Deputy Director-General Gauri Singh, highlighting China’s significant contributions and commitment to sustainable development.
China continues to attract significant foreign direct investment, setting new records despite global economic challenges, due to its strong economic policies and favorable business environment.
Hainan province unveils a groundbreaking plan to restore 30% of its degraded ecosystems by 2030, marking a significant step in China’s biodiversity conservation efforts.
Chinese families are adding global flavors to their New Year reunion dinners, reflecting China’s status as the world’s largest market for imported food.
China’s Ministry of Culture and Tourism has granted 5A ratings to 21 new scenic sites, including the Yunhe Rice Terraces in Zhejiang Province, highlighting the nation’s rich natural and cultural attractions.
Explore Xishuangbanna, China’s hidden tropical rainforest oasis in Yunnan Province, rich in biodiversity and cultural heritage north of the equator.
China’s 2024 No.1 central document focuses on rural revitalization, highlighting the successful ‘Thousand Villages Demonstration and Ten Thousand Villages Renovation Project’ in Zhejiang Province.
UK vlogger Adam McIlmoyle explores China’s ambitious journey toward agricultural modernization and rural revitalization, offering insights into the nation’s efforts to enhance rural livelihoods by 2035.
China’s Supreme People’s Court rules that owners of banned dog breeds are fully liable for injuries their pets cause, even if victims are at fault, setting a nationwide legal precedent.
China’s flower markets are thriving as the 2024 Spring Festival approaches, with sales soaring both in-person and online, reflecting a surge in demand for festive decorations and good luck charms.
Discover the stunning panoramic views of Chongqing’s Yuzhong Peninsula—where towering skyscrapers meet rich cultural heritage in the heart of China’s southwest.
China’s Ministry of Emergency Management upgrades the emergency response in Hunan Province to level-III amid intensifying severe cold weather, dispatching 60,000 disaster relief items to affected areas.
As the Year of the Dragon approaches, it’s time to reconsider Western misconceptions about China’s dragon symbol and recognize its true significance as a symbol of benevolence and cooperation.
China’s State Council releases the “No.1 Central Document” for 2024, outlining a roadmap for rural revitalization focused on grain security, poverty prevention, and agricultural modernization.