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China Maintains Stable Interest Rates
China has maintained its key interest rates on loans for the sixteenth consecutive month, with the one-year lending rate remaining at 3% and the rate for loans of more than five years holding steady at 3.5%. This comes amid the government's continued support for the economy through keeping borrowing costs low, alongside ongoing growth in exports and economic indicators, which reduces the need to lower interest rates and reflects the resilience of the Chinese economy.
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