"I think LPR could help lower the funding cost for SMEs, albeit modestly," Larry Hu, chief China economist at Macquarie, said in an email. "But it could not do much about the key constraint for credit growth at this stage: the lack of credit demand."
Privately run businesses account for the majority of employment and economic growth in China. But the country's giant state-owned enterprises have typically had an easier time getting loans from Chinese banks, the largest of which are also state-owned.4.25% for one-year loans The slight difference means "the imminent impact of the PBOC's announced reforms to the loan prime rate mechanism will be modest," Liu said in a note. She added in a phone interview that the impact on corporate bond issuance remains to be seen, an area in which multiple factors beyond loan pricing are at play.
Source: Financial Digest (financialdigest.net)
China needs a new government, one which allows freedom of its citizens and supports non violence for the people and animals. They should stop imitating Americas terrible model for the banks running the economy.
这是又准备预测中国经济崩溃啦？😂就在你们二十年的看崩中国经济的过程中，中国发展到了今天这个地步，被打脸这么多年不疼吗
How bout a trade deal
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