China's Benchmark Lending Rates Drop Amid Coronavirus Outbreak

Posted by Fullerton Markets on Feb 20, 2020 7:00:00 PM

Chinese banks lowered its benchmark lending rates in the middle of the coronavirus outbreak.
Fullerton Research Chief Strategist Jimmy Zhu explains to CGTN how the relatively small rate cut is expected to waive expectations that China will use the property sector to drum up growth. Read the CGTN exclusive to learn more.