China: Downside pressures mounting on investment growth – Nomura

The People’s Bank of China published its monetary policy operation report for Q1 2018, which shows the weighted average lending rate rose to 5.96% p.a. in Q1 from 5.74% in Q4 2017, notes the research team at Nomura. Key Quotes “By category, the financing costs for general loans, bill financing and mortgage loans all rose.” […]

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