BFM Podcast
Chinese Banks Cutting Deposit And Loan Rates
30-Aug-23 07:00
Carlos Casanova, Senior Economist, UBP
Without any warning the largest Chinese banks cut both mortgage and deposit rates. We ask Carlos Casanova, Senior Economist at UBP if this the stimulus needed to revive confidence and spending.
image Credit: Shutterstock
More articles on BFM Podcast
Discussions
Be the first to like this. Showing 3 of 3 comments
Posted by IDQWE001 > 13 hours ago | Report Abuse
Posted by foongsh > 13 minutes ago | Report Abuse
Why the Chinese Communist Party always criticizes the U.S.
https://youtu.be/O_7XKyDyrlU?si=FnuxLFrUx7asr6ua
2nd, 3rd and 4th generations of old red army love US dollars and American very much. Those who migrated name list as follow : (surprisingly none of them preferred going to Russia and North Korea)
1. Kong Dongmei, granddaughter of Mao Zedong
2. Deng Zhifanf, son of Deng Xiaoping
3. Deng Zhuodi, grandson of Deng Xiaoping
4. Zhuo Yue, granddaughter of Deng Xiaoping
5. Jiang Mianheng, eldest son of Jiang Zemin
6. Jiang Zhicheng, grandson of Jiang Zemin
7. Hu Haiqing, daugter of Hu Jintao
8. Xi Mingze, daugter of Xi Jinping
9. Yang Jiechi, senior member of CCP entire family
10. too many just ignore the rest
There are countless such examples. For them, "anti-americanism is work, and going to United State is life".
Only Silly CCP supporters truly believe CCP anti America.
WTF almost all the former and current CCP heads love US dollar and America so much.
CCP heads really anti CCP but love America. Lol
CCP love to protect America interests as all their top head familes love America more than CCP.They won't let America collapsed. Lol.
2023-09-01 14:07
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
BFM Podcast
3
5
BFM Podcast
6
Mercury Securities Research
7
BFM Podcast
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
beinvested
The decision taken by the big economy like USA to increase the interest rate for the loans and deposits in the banking system will usually be followed by other smaller or small economy like our country. Why?
The foreign direct investment (FDI) in Dollars make up the large part of the economy of the country. Any movement of interest rate in the US will be very sensitive towards those FDIs where those investments may have to face bigger amount of borrowing cost payable to the lenders from overseas. If the interest rate in Malaysia is not moving in tandem with the hikes in the US, the funds will be repatriated from Malaysia to a more rewarding economy as far as the interest is concern.
China is doing the opposite because the normal approach shall be expected by many of us during this moment of economy struggle. Rather, the Chinese government should handle their economy that can be best suit the structure and circumstances currently experiencing.
2023-09-01 12:30