BEIJING, Jan. 22 (Xinhua) -- China on Wednesday revealed a guideline, outlining 20 measures to expand financial opening up in the country's pilot free trade zones and a free trade port.
Lowered LPRs have kept loan interest rates at historically low levels. According to the latest data from China's central bank, the interest rate for newly issued corporate loans was approximately 3.43 ...
Hence, the local government is considered penny wise but pound foolish, wise and clever in saving small numbers of money but unwise (foolish) and wasteful with large sums. In Chinese, we use a similar ...