China expected to stand pat on lending benchmarks in December -survey

China is widely expected to leave lending benchmark rates unchanged at a monthly fixing on Wednesday, a Reuters survey showed, after the central bank last week kept its medium-term policy rate unchanged. The loan prime rate (LPR) normally charged to banks' best clients is calculated each month after 18 designated commercial banks submit proposed rates to the People's Bank of China (PBOC). In a poll of 28 market watchers conducted this week, all participants predicted both the one-year LPR and the five-year tenor would stay unchanged.