China's loan prime rates remain unchanged

China's one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3 percent Monday, unchanged from the previous month.

The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.5 percent, according to the National Interbank Funding Center.

China's loan prime rates remain unchanged

China's loan prime rates remain unchanged

China's Ministry of Finance on Monday issued a notice prohibiting the purchase of products manufactured by 46 designated U.S. companies in government procurement.

Under the new measure, procurement entities participating in government purchasing activities are barred from buying products made by the listed U.S. firms, including Lockheed Martin Corporation and Raytheon Missiles and Defense.

The measure was approved in accordance with relevant Chinese laws and regulations, the ministry said, adding the restriction does not apply to U.S.-invested companies operating in China.

The measure takes effect from the date of issuance, according to the statement.

China bans purchase from 46 U.S. companies in government procurement