BEIJING (Reuters) – China’s average interest rate for corporate loans stood at 4.05% at end-August, the lowest level on record, according to a statement by the country’s central bank on Wednesday.
China will continue to strengthen the guiding role of credit policy and improve financial mechanisms to support the real economy, said the central bank.
(Reporting by Liangping Gao and Ryan Woo; Editing by Louise Heavens)
