You are here

China unveils new moves to lift economy

Central bank to lend 50b yuan to banks at discounted rates as FDI growth slips to lowest since 2012
Saturday, January 17, 2015 - 05:50
BT_20150117_CHNFDI17_1463154.jpg
NOT A PRETTY PICTURE: China's economy has been hit by a housing slump and waning investment and manufacturing growth.

Beijing

CHINA announced fresh support measures on Friday for its slowing economy after data showed a worrying drop in bank lending and foreign investment growth falling to a two-year low.

The central bank said that it would lend 50 billion yuan (S$10.68 billion) to banks at