Category Biz

BEIJING, Sept. 20 (Xinhua) — China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.35 percent Friday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also remained…

BEIJING, Aug. 21 (Xinhua) — The summer spending frenzy in China, marked by notable consumption growth in tourism, entertainment and sports, has demonstrated service consumption’s expansion potential and its contribution to the overall economic development of the country. This summer,…