Chinese big lenders lower deposit interest rates

BEIJING, July 25 (Xinhua) -- China's major state-owned commercial banks announced Thursday reductions in deposit interest rates.

The one-year fixed-term deposit interest rate was cut by 10 basis points to 1.35 percent, according to the official deposit interest rates released by the country's "big four" commercial banks, namely the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Chin