Tag Archives: China

China keeps loan prime rate unchanged in September, signaling a cautious approach by the central bank amidst global economic uncertainties. The Loan Prime Rate (LPR), a benchmark lending rate, plays a pivotal role in shaping borrowing costs for businesses and consumers in China. This decision comes at a time when …

Weak Chinese demand likely weighing on luxury sector in second half – Jefferies, a recent report by the investment bank, paints a concerning picture for the luxury industry. This analysis, fueled by China’s economic slowdown and shifting consumer preferences, highlights the potential impact on various luxury goods categories, from high-end …