July loan interest rate remained low

Interest rates on our loans have remained low since this year, with the downward trend continuing in July. In July, the average weighted interest rate on new loans granted by enterprises was slightly less than 3 per cent, about 0.2 percentage points lower than the same period in the previous year; the weighted average rate on new loans granted by individuals was about 3.1 per cent, which was essentially the same as the same period in the previous year. Xinhua