Some major Chinese commercial banks will cut time deposit rates on Friday, three sources with knowledge of the matter said, providing room to reduce lending costs amid a faltering economy. Rates for 1-year and 2-year time deposits will be cut by 10 basis points (bps) and 20 bps, respectively, and...
https://www.hellenicshippingnews.com/chinas-major-banks-to-cut-time-deposit-rates-on-friday-sources/