The interest rate self-regulatory body under China's central bank has lowered the upper limit of deposit rates banks can offer their clients, the sources said. Sign up here. The move came days ...

Nvidia CEO Jensen Huang said overnight that U.S. chip export controls are a "failure" and warned that the restrictions are doing more damage to American business than to China. Huang said in a ...

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China's central bank has lowered key interest rates to record lows, aiming to stimulate an economy challenged by weak consumer demand and a property crisis. The cuts follow a temporary easing of ...

The one-year fixed-term deposit interest rate was lowered by 15 basis points to 0.95 percent, announced by the Industrial and Commercial Bank of China, Bank of China, China Construction Bank ...

BEIJING: China's central bank on Tuesday (May 20) cut two key interest rates to historic lows, as Beijing battles to stimulate its economy amid seesaw trade tensions with the United States.

[BEIJING] China’s central bank on Tuesday (May 20) cut two key interest rates to historic lows, as Beijing battles to stimulate its economy amid see-saw trade tensions with the US. Beijing and ...

The People’s Bank of China said the one-year loan prime rate (LPR), a benchmark determined by banks, had been lowered by 10 basis points to 3.0%, while the five-year LPR was reduced by the same ...

The People's Bank of China said Tuesday that the one-year Loan Prime Rate (LPR), the benchmark for the most advantageous rates lenders can offer to businesses and households, would be cut from 3.1 ...

BYD’s new EV is about the size of a Tesla Model 3, but half the cost in China. After launching the e7, BYD is already boasting that it will be the “winner’s choice” for midsize EV sedans.

Despite a flood of low-cost electric cars and an intensifying price war, Hyundai sees an opportunity “to write a new chapter” with its first dedicated EV rolling out in China. Will Hyundai’s ...