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China’s consumer market shows continued recovery in October

BEIJING, Nov. 15 (Xinhua) — China’s consumption gained traction in October with faster sales growth and improving consumer sentiment thanks to favorable government policies. The National Bureau of Statistics (NBS) said Friday that retail sales of consumer goods went up…

China’s major lenders lower deposit interest rates

BEIJING, Oct. 18 (Xinhua) — China’s major state-owned commercial banks announced Friday reductions in deposit interest rates. The one-year fixed-term deposit interest rate was cut by 25 basis points to 1.1 percent, according to the official deposit interest rates released…

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