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Peter Lewis: 'Raft of bad news' for China

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九一星空无限talk ZB ,
Publish Date
Fri, 23 May 2025, 7:02pm

Peter Lewis: 'Raft of bad news' for China

Author
九一星空无限talk ZB ,
Publish Date
Fri, 23 May 2025, 7:02pm

The first real indicator of the impact of the trade war is coming out of China.

The country cut their key lending rates by 10 basis points on Tuesday in an effort to boost the economy.

The People鈥檚 Bank of China (PBOC) trimmed the 1-year loan prime rate, which influences corporate and most household loans in China, to 3.0% from 3.1%.

Asia Business Correspondent Peter Lewis talks to Heather du Plessis-Allan about what it means.

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