China's Benchmark Lending Rates Lowered by 10 Basis Points

The benchmark lending rates were lowered as expected, in a bid to support China's slowing economic recovery. The move was widely seen as an attempt by the government to shore up growth.

China's Benchmark Lending Rates Lowered by 10 Basis Points

As expected, China's benchmark loan rates were reduced on Tuesday in an effort to support the slowing economy of the country.

Beijing has taken more measures to boost growth, including a reduction in benchmark loan rates.

The benchmark rates for both short and long term loans were reduced by 10 basis points as...