BORROWING costs will get lower for companies in China starting Tuesday through a key interest rate reform brought out by the People's Bank of China, the central bank, to maintain economic momentum amid the continuing trade friction with the United States.
Analysts say the interest rate reform will lower financing costs for small and private companies and encourage investment in the manufacturing sector.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!