In April, the interest rates for new corporate loans are at historically low levels.

On May 14th, data released by the People's Bank of China showed that in April, the weighted average interest rate for new loans to enterprises was about 3.2%, which was approximately 50 basis points lower than the same period last year. The weighted average interest rate for new loans for personal housing was about 3.1%, which was approximately 55 basis points lower than the same period last year, both at historical lows.