The People's Bank of China has decided to reduce key refinancing rates as part of efforts to support the national economy. Thus, the rate on annual loans was reduced from 3.1% to 3%, and on five-year loans – from 3.6% to 3.5%, which corresponds to a reduction of 10 bps for both categories. This step was the first reduction in key interest rates since October last year.Such a decision, experts say, was expected, especially in the context of the escalated trade conflicts with the United States, wh... Прочетете още
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Xi Jinping declined an invitation from Donald Trump to attend his inauguration. Instead of the... Прочетете още
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