China has cut its loan rate finally since 2016.

https://www.reuters.com/article/us-china-economy-mlf/china-central-bank-cuts-medium-term-loan-rate-for-first-time-since-2016-as-growth-cools-idUSKBN1XF05K

We had stated that China would only cut its interest rate after it had figured out how to rein in its property prices.  We told you that China couldn't alienate itself from the global rate-cutting frenzy.

http://sg-stock.blogspot.com/2019/10/when-will-china-reduce-its-interest.html

True enough, China cut its interest rate after the announcement of its recent property measure.