News & Insights Across Asia
China announces bold measures including interest rate cuts and property market stabilization to boost economic growth, as the CPC Central Committee convenes an unusual meeting to address economic challenges.
Six of China’s largest banks have lowered RMB deposit rates for the first time this year, marking the fifth reduction since September 2022, affecting demand and fixed deposits across various terms.
China’s central bank reduces mortgage interest rates to boost the housing market and support economic growth, making home ownership more accessible and stimulating investment.