China Should Consider Further Rate Cuts: Herald Cites Advisor

China should continue to cut rates and relieve the burden on the real economy in addition to tax and fee cuts, as the average interest rate on corporate loans fell by only 0.1 percentage points last year, the 21st Century Business Herald reported citing Yang Weimin, deputy director of the Economic Committee of the National Committee of the Chinese People's Political Consultative Conference. Loan interest rates for the household sector should also be further lowered to help boost consumption, while epidemic prevention measures should be more precise to promote the weak spending, along with more stimulus measures, Yang was cited as saying.