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Business and Market Discussions / View From China

2019-09-23

Business and Market Discussions / View From China

2019-09-23
President Trump said on Friday he doesn’t want to make a partial trade deal with China and just agricultural purchases alone won't be enough to seal an agreement. He added that he was in no rush to get a trade deal before the 2020 election. That prompted the Chinese trade team already in Washington to cancel a visit to US agricultural states and return to China earlier than expected.

The People’s Bank of China reduced its one-year Loan Prime Rate, the reference rate for new short-term bank loans, by 5bps to 4.25% on Friday. The five-year prime rate, which is used as a reference rate for new mortgage loans, was kept unchanged at 4.85%.



On today’s Money Talk we're joined by Andrew Sullivan of Pearl Bridge Partners and Quentin Webb from The Wall Street Journal, to review the latest business headlines. Providing the view from China is Ben Cavender at The China Market Research Group in Shanghai.

Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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