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China stocks rise on medium-term loan rates cut

China’s stock markets rose on Thursday, after the central bank cut the borrowing cost of its medium-term policy loans for the first time in 10 months to aid a shaky economic recovery.

Data on Thursday showed China’s industrial output and retail sales growth missed expectations amid faltering demand at home and abroad.

The People’s Bank of China (PBOC) said it lowered the rate on 237 billion yuan ($33.1 billion) of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points to 2.65%,in line with market expectations.

Fidelity China Special Situations PLC (LON:FCSS), the UK’s largest China Investment Trust, capitalises on Fidelity’s extensive, locally-based analyst team to find attractive opportunities in a market too big to ignore.

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