Headquarters of the People's Bank of China (PBOC) in Beijing. The new mechanism for pricing loans will be introduced by China's central bank on January 1.Reuters
Headquarters of the People's Bank of China (PBOC) in Beijing. The new mechanism for pricing loans will be introduced by China's central bank on January 1.Reuters

Economy

China's switch to new lending rate should lower funding costs

Move to loan prime rate will make pricing more market-driven, says analyst

Reuters

December 28, 2019