China

Meanwhile, China central bank maintained its key lending rates for the ninth month. The one-year loan prime rate remained at 3.65%, and the five-year rate was at 4.3%. This decision follows the central bank’s consistent medium-term policy rate of 2.75%. Concurrently, the yuan dipped below the significant threshold of 7 following weaker-than-predicted April data on factory output, retail sales, and fixed-asset investment.