SUBSCRIBERS
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
Add BT as a preferred sourcePublished Fri, Jan 16, 2015 · 09:50 PM
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 discounted rates to allow them to re-lend the money to farmers and small businesses - areas of the economy that are usually short of cash.
Share with us your feedback on BT's products and services
