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20th Aug 2024 18:55China+Daily Monitor

  • China’s commercial banks left loan prime rates unchanged in August as their NIM hit a record low.
  • The PBoC is in no rush to lower policy rates; fiscal policy is bearing the burden of driving the recovery.
  • Q2 inward direct investment was negative again; 2024 is set for the largest net outflows since the 2000s.

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