Bloomberg has learned that China’s big lenders are preparing to cut interest rates on existing mortgages and deposits in the latest state-directed measure to shore up growth in the economy. Meanwhile, in the latest indication of its liquidity struggle, property giant Country Garden Holdings Co. has proposed a grace period of 40 calendar days for a maturing yuan bond. Annabelle Droulers reports on Bloomberg Television.
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Garden Plans
15 Comments
Something tells me it's too little too late for China.
I love how the newscasters are just tired of the same news on a new day.
Finally full bazooka EASING !
Why they do that 😂
Cutting rates on mortgages won't help a deflated and declined economy such as China 🇨🇳.
.gnehaw.
How on earth any western economy believes a single word China data releases
Yet Biden administration keeps begging China for business partner no chinese officials come to America
You know their economy is in big trouble when they are pushing out lots of stimulus actions in a really short amount of time. Many companies had a quite a bit of hidden debt owe to their workers and suppliers.
Smart move
Good News for stocks 🥳
LOL … CCP Ponzi Scams still going strong.
Chinadown!
The losses by developers are astronomical , Country G first half Rmb55B loss , Lehman was equivalent Rmb 28.5B , then Evergrande loss Rmb33B , there are many. Do your math
None of them owns a house, they are talk about home mortgages.😂😂😅😅
japan will retake the kurils sakhalin and vladivostok south korea will take north korea.