China's central bank cuts interest rates in growth move China's interest rate cuts are aimed at boosting slowing economic growth Continue reading the main story Global EconomyQ&A: Greek debt crisis Euro crisis causes Euro crisis timeline Greek austerity targets Beijing, China's central bank cuts interest rates in growth move Beijing, The Chinese central bank has cut its benchmark interest rates for the second time in two months, in a bid to arrest slowing economic growth. Benchmark lending rates will be cut from 6.31% to 6%, while deposit rates will fall from 3.25% to 3%. The amount of photovoltaic capacity installed in China will reach 21 gigawatts by 2015, four times more than that in the government's initial plan, local media reported citing sources from the National Energy Administration. Although the figure has yet to be confirmed, there is no doubt that the country is pouring investment into the new energy sector, especially the renewable energy resources. The government is trying to combine stimulus measures and restructuring efforts to reinvigorate the slowing economy, Chinese News Agency (Xinhua) reported. On the website of the National Development and Reform Commission (NDRC), there are lists of all projects approved by the country's top economic planner. By June 20, a total of 1,500 projects had been approved, the data shows.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor