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  • Beijing Review

    China Ramps up Stimulus to Bolster Economy

    Apr 30, 2020 3 minutes
    Copyedited by Madhusudan Chaubey

    China lowered the market-based benchmark lending rate on April 20, another sign that the country is determined to channel funds into the real economy via a more flexible monetary policy, analysts said.

    The one-year loan prime rate (LPR) was cut 20 basis points from a month earlier to 3.85 percent, while the above-five-year LPR was reduced 10 basis points from the previous reading to 4.65 percent, according to

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