BFM Podcast

Chinese Banks Cutting Deposit And Loan Rates

Tan KW
Publish date: Wed, 30 Aug 2023, 12:07 PM
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

Discussions
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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

qqq47660

how long can the americans postpone the collapse of the american economy?

2023-09-01 13:53

foongsh

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

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