The benchmark rate will fall to about 2.75%, from about 5.25% currently.

The financial war between China and the United States has been going on for three years. Has the winner been decided?
The United States originally thought that it could completely destroy the Chinese economy by exploding the Chinese real estate market, and in the process reap trillions of high-quality assets. It would use China as a fat sheep to make up for its own deficit of 35 trillion dollars and continue to be the world hegemon for another 100 years. Unfortunately, after two years of violent interest rate hikes, the Chinese economy has not shown any signs of collapse. The United States cannot figure out what the problem is.
This matter has to start from the beginning
China's economic take-off began in 2001. In fact, at the beginning of China's rise, it was the former US president who helped us. At that time, we had been working hard for 15 years to return to the world trade system, but Western countries had a deep misunderstanding of China and had always kept us out.