SHANGHAI - China's 0.5% cut in its medium-term lending facility (MLF) today will likely lead to similar adjustments in the targetted medium-term lending facility (TMLF) rate, the reverse repo rate and the loan prime rate (LPR), according to ANZ Bank, which in a research note says it believes the People's Bank of China (PBoC) will maintain the same spreads as it did in the past two years.
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HONG KONG - Trade is not the only reason for China's GDP growth to remain sluggish. Retail sales eased again in Q3, dragged down still by the slump in car sales. Fixed asset investment also fell sequentially from June to September, particularly for the industrial sector.
BEIJING -- Alibaba has reported a 40% increase in sales in the third quarter as the Chinese e-commerce giant reached its 20th anniversary and continued to add users to its online marketplace.
BEIJING China's Ministry of Education has called for a three-year revamp of the higher education system, aiming to devote vast resources to undergraduate studies, including the expertise of those who are part of the Thousand Talents Programme, a Government-backed project which seeks to recruit scientific talent from foreign countries to work in China.