China's central bank kept interest rates the same this month. This means borrowing money in China costs the same as before. This is important because it shows how China is handling its economy and its money.
- Interest rates stayed the same to help keep the Chinese money (yuan) stable.
- China gave out lots of loans in January, but the total amount is still lower than in past years.
- The value of the Chinese yuan has gone down a bit compared to the U.S. dollar.
- There's worry about trade issues between China and the United States.
Fact | Number |
---|---|
One-year loan interest rate | 3.10% |
Five-year loan interest rate | 3.60% |
Loans given out in January | $704.35 billion |
Yuan decrease against the dollar since November | 2.4% |