China is widely expected to cut its benchmark lending rate on Monday to provide furthersupport for the coronavirus-hit economy, which shrank for the 1st time on record in the 1st quarter.
people’s bank of china
China Reopens With Another Dollar Warning – Gold Silver Reports
If it seemed a bit calmer on Monday in global markets than has become typical, it was likely due to the absence of Chinese influence. China’s markets were closed for the country’s annual Dragon Boat festival, a holiday tradition that supposedly dates back 2,000 years. According to state media, it’s not strictly Chinese any longer.