Mexican Media Brands
China Cuts Benchmark Interest Rate
China's central bank has lowered its key lending rate by one-quarter point to 6.31% in a bid to boost the country's slumping economy.
#economics
Share
China's central bank has lowered its key lending rate by one-quarter point to 6.31% in a bid to boost the country's slumping economy. It was the first rate cut by the People's Bank of China since late 2008.
The Chinese government aims to reduce borrowing costs to spur investment, according to economists. They say the bank's action shows that Beijing is worried that the impact of Europe's deepening crisis could further slow China's economy.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
GM’s Mobility Vision
1. Zero crashes 2. Zero emissions 3. Zero congestion This vision leaves out a very important element: economics.