Chinese central bank holds rates for 13th month

The Chinese Central Bank has decided to keep interest rates unchanged for the thirteenth consecutive month, maintaining the one-year lending rate at 3.00% and keeping the five-year rate at 3.50%. This comes amid expectations that Beijing will not cut interest rates in the second half of the year, with experts confirming that the main challenge facing the Chinese economy is weak credit demand, not a liquidity shortage.

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