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China cut loan prime rate (LPR), a newly reformed interest rate to guide banks’ loan price, on Wednesday to lower corporate financing cost and stabilize economic growth amid rising headwinds.One-year LPR came in at 4.15 percent, down from 4.2 percent a month earlier, according to the National Interbank Funding Center. The above-five-year LPR stood at 4.8 percent, down from 4.85 percent a month earlier.The People's Bank of China, the central bank, announced in August a plan to reform the LPR mechanism to better reflect market changes in its latest move to guide borrowing costs lower to support the real economy.
China has a relatively low level of nonperforming loans, compared with some other countries, thus the regulators will have more room to adjust the policies, according to the PBOC official.
China has kicked off the commercialization of 5G technologies in October. I believe the superfast wireless technology will inject new vitality into the construction of smart cities across the country.
China borders two major global drug sources - the Golden Triangle, which straddles Laos, Myanmar and Thailand; and the Golden Crescent, located at the crossroads of Central, South, and Western Asia. About 85 percent of the drugs illegally consumed in the Chinese market come from the Golden Triangle, according to the ministry.
China has a fast-growing appetite for fresh and smoked salmon, but Scotland's fish farmers have been struggling to keep up with demand from the lucrative market.
来源：资阳报