国内英语资讯:Economic Watch: With key rate cuts, China ramps up stimulus to bolster economy
<p><span word="BEIJING">BEIJING</span>, <span word="April">April</span> 20-- <span word="China">China</span>'<span word="s">s</span> <span word="market">market</span>-<span word="based">based</span> <span word="benchmark">benchmark</span> <span word="lending">lending</span> <span word="rate">rate</span> <span word="lowered">lowered</span> <span word="Monday">Monday</span>, <span word="another">another</span> <span word="sign">sign</span> <span word="that">that</span> <span word="the">the</span> <span word="country">country</span> <span word="is">is</span> <span word="determined">determined</span> <span word="to">to</span> <span word="channel">channel</span> <span word="funds">funds</span> <span word="into">into</span> <span word="the">the</span> <span word="real">real</span> <span word="economy">economy</span> <span word="via">via</span> <span word="more">more</span> <span word="flexible">flexible</span> <span word="monetary">monetary</span> <span word="policy">policy</span>, <span word="analysts">analysts</span> <span word="said">said</span>.</p><p><span word="The">The</span> <span word="one">one</span>-<span word="year">year</span> <span word="loan">loan</span> <span word="prime">prime</span> <span word="rate">rate</span> (<span word="LPR">LPR</span>) <span word="fell">fell</span> 20 <span word="basis">basis</span> <span word="points">points</span> <span word="from">from</span> <span word="a">a</span> <span word="month">month</span> <span word="earlier">earlier</span> <span word="to">to</span> <span word="arrive">arrive</span> <span word="at">at</span> 3.85 <span word="percent">percent</span>, <span word="while">while</span> <span word="the">the</span> <span word="above">above</span>-<span word="five">five</span>-<span word="year">year</span> <span word="LPR">LPR</span> <span word="fell">fell</span> 10 <span word="basis">basis</span> <span word="points">points</span> <span word="from">from</span> <span word="the">the</span> <span word="previous">previous</span> <span word="reading">reading</span> <span word="to">to</span> 4.65 <span word="percent">percent</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="National">National</span> <span word="Interbank">Interbank</span> <span word="Funding">Funding</span> <span word="Center">Center</span> <span word="run">run</span> <span word="by">by</span> <span word="the">the</span> <span word="People">People</span>'<span word="s">s</span> <span word="Bank">Bank</span> <span word="of">of</span> <span word="China">China</span> (<span word="PBOC">PBOC</span>), <span word="the">the</span> <span word="central">central</span> <span word="bank">bank</span>.</p><p><span word="The">The</span> <span word="reduction">reduction</span> <span word="is">is</span> <span word="in">in</span> <span word="line">line</span> <span word="with">with</span> <span word="market">market</span> <span word="expectations">expectations</span>, <span word="as">as</span> <span word="a">a</span> <span word="key">key</span> <span word="meeting">meeting</span> <span word="last">last</span> <span word="Friday">Friday</span> <span word="decided">decided</span> <span word="to">to</span> <span word="guide">guide</span> <span word="market">market</span> <span word="interest">interest</span> <span word="rates">rates</span> <span word="lower">lower</span> <span word="as">as</span> <span word="part">part</span> <span word="of">of</span> <span word="a">a</span> <span word="broader">broader</span> <span word="policy">policy</span> <span word="package">package</span> <span word="to">to</span> <span word="cushion">cushion</span> <span word="against">against</span> <span word="the">the</span> <span word="economic">economic</span> <span word="fallout">fallout</span> <span word="of">of</span> <span word="COVID">COVID</span>-19.</p><p><span word="That">That</span> <span word="the">the</span> <span word="declines">declines</span> <span word="between">between</span> <span word="the">the</span> <span word="one">one</span>-<span word="year">year</span> <span word="and">and</span> <span word="above">above</span>-<span word="five">five</span>-<span word="year">year</span> <span word="LPR">LPR</span> <span word="differed">differed</span> <span word="demonstrated">demonstrated</span> <span word="China">China</span>'<span word="s">s</span> <span word="resolve">resolve</span> <span word="to">to</span> <span word="offer">offer</span> <span word="targeted">targeted</span> <span word="monetary">monetary</span> <span word="support">support</span> <span word="for">for</span> <span word="the">the</span> <span word="real">real</span> <span word="economy">economy</span> <span word="other">other</span> <span word="than">than</span> <span word="real">real</span> <span word="estate">estate</span> <span word="speculation">speculation</span>, <span word="said">said</span> <span word="Wen">Wen</span> <span word="Bin">Bin</span>, <span word="a">a</span> <span word="chief">chief</span> <span word="researcher">researcher</span> <span word="with">with</span> <span word="China">China</span> <span word="Minsheng">Minsheng</span> <span word="Bank">Bank</span>.</p><p><span word="Rather">Rather</span> <span word="than">than</span> <span word="resorting">resorting</span> <span word="to">to</span> <span word="massive">massive</span> <span word="stimulus">stimulus</span> <span word="plans">plans</span> <span word="to">to</span> <span word="shore">shore</span> <span word="up">up</span> <span word="an">an</span> <span word="economy">economy</span> <span word="faced">faced</span> <span word="with">with</span> <span word="uNPRecedented">uNPRecedented</span> <span word="challenges">challenges</span>, <span word="China">China</span> <span word="has">has</span> <span word="vowed">vowed</span> <span word="targeted">targeted</span> <span word="and">and</span> <span word="accurate">accurate</span> <span word="measures">measures</span> <span word="to">to</span> <span word="help">help</span> <span word="firms">firms</span> <span word="tide">tide</span> <span word="over">over</span> <span word="the">the</span> <span word="difficult">difficult</span> <span word="period">period</span>.</p><p><span word="To">To</span> <span word="support">support</span> <span word="the">the</span> <span word="real">real</span> <span word="economy">economy</span>, <span word="especially">especially</span> <span word="medium">medium</span>-<span word="sized">sized</span>, <span word="small">small</span> <span word="and">and</span> <span word="micro">micro</span> <span word="enterprises">enterprises</span>, <span word="China">China</span> <span word="will">will</span> <span word="step">step</span> <span word="up">up</span> <span word="the">the</span> <span word="use">use</span> <span word="of">of</span> <span word="tools">tools</span> <span word="including">including</span> <span word="reserve">reserve</span> <span word="requirement">requirement</span> <span word="ratio">ratio</span> <span word="cuts">cuts</span>, <span word="interest">interest</span> <span word="rate">rate</span> <span word="cuts">cuts</span> <span word="and">and</span> <span word="reloans">reloans</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="meeting">meeting</span> <span word="of">of</span> <span word="the">the</span> <span word="Political">Political</span> <span word="Bureau">Bureau</span> <span word="of">of</span> <span word="the">the</span> <span word="Communist">Communist</span> <span word="Party">Party</span> <span word="of">of</span> <span word="China">China</span> (<span word="CPC">CPC</span>) <span word="Central">Central</span> <span word="Committee">Committee</span> <span word="Friday">Friday</span>.</p>
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