#USChinaTensions Rise of Chinese Stocks at Close After Interest Rate Stabilization

2025/04/21

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Chinese stock indices rose at the end of trading on Monday, marking their highest level in two weeks, amid government efforts to bolster financial market stability and maintain interest rates for the sixth consecutive month.

The "Shanghai Composite" index rose by 0.45% to 3291 points, and the "CSI 300" index added about 0.35% to close at 3784 points, its highest level since April 3, while the "Shenzhen Composite" index jumped 1.6% to 1910 points.

Meanwhile, the U.S. dollar fell against the Chinese yuan by 0.2% to 7.2867 yuan, at exactly 11:46 a.m. Mecca time.

China stabilized lending rates during today's central bank meeting, as widely expected, amid analysts' forecasts for new government stimulus in the second quarter to counter the effects of the trade war.

This comes after Chinese Premier "Li Qiang" urged government officials on Friday to stabilize the stock market as part of efforts to mitigate the impact of escalating trade tensions with the United States.