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Beijing, China – 06 March: Mr. Gongsheng, Governor of the People’s Bank of China, participates in a new economy conference at the third session of the 14th National People’s Congress (NPC) on March 6, 2025 in Beijing, China.
Visual China Group | Gets the image
The Chinese Central Bank and financial regulators announced big plans to reduce key interest rates on Wednesday, trying to strengthen the growth of trades.
China will reduce the seven-day return ransom rates by 10 basic points to 1.4% from 1.5%, said Chinese People’s Bank Governor Pan Gongeng at the press briefing. This will lead to the main rate of loan, the main rate of politics, about 10 basic points, the governor said.
The Central Bank will also reduce the reserve requirements that determines the number of cash banks that should be contained in the reserves by 50 basic points, unleashing $ 1000 billion ($ 138.6 billion).
Peng talked together with officials of the National Financial Bodies and the Securities Regulation Commission in China.
Press -conference occurred hours after Beijing’s affirmation At the end of this week in Switzerland in Switzerland in Switzerland, the US Treasury Minister Scota Bales in Switzerland will be held in Switzerland to discuss tariffs and trade issues, in recent signs that negotiations may begin between the two parties.
This would be the first confirmed trade negotiations between the two countries, as US President Donald Trump reduced tariffs for Chinese goods to 145% of the eyes, which made Beijing avenge with additional collections in 125% of the US from the United States from the US
Planned negotiations can mean a turning point in the current trade war that shocked markets and crippled trade between the two largest economies in the world.
This is conducting the news. Please update updates.
