The Chinese Central Bank today reduced two guidelines to historically low levels, as part of the authorities’ efforts to stimulate economic growth, with the backdrop of trade in trade with the US and the ongoing real estate crisis.

The annual LPR (“Loan Prime Rate”), the reference rate for the most favorable terms of lending that credit institutions can offer to businesses and households, decreased from 3.1 to 3%, the Chinese Popular Bank (LTTK) said, the Chinese Central Credit Institution.

The five -year LPRreporting rate for mortgages, decreased from 3.6 to 3.5%, according to the same source.

Both of these guidelines had already been reduced in October, also to historically low until then.

China and the US have agreed last week to greatly reduce the prohibitive customs duties imposed on each other for 90 days, raising hopes of the world of the economy that there will be a more ongoing decline in tensions.

But the party-state remains facing stagnation of domestic consumption and Long judgment in real estatethreatening the goal that growth has set to rise to about 5% of GDP in 2025.

Yesterday, the Chinese National Statistical Service, however, announced an increase of 6.1% of industrial production in April on an annual basis, a level higher than that provided by economists who were asked about the Bloomberg news agency.

However, always according to the Chinese Statistical Service, the price of newly built real estate has fallen to 67 of the 70 cities examined during the same period, indicating that the real estate market remains fragile.