Beijing has kept interest rates low compared with other major economies, but the near-zero inflation highlights challenges faced by policymakers in trying to stimulate growth. – AFP, June 15, 2023.
CHINA’S central bank cut a key interest rate and pumped billions into financial markets today, as fresh data showed the world’s second-largest economy was flagging. The moves are the most significant by leaders to try to invigorate growth after indicators in recent months showed a hoped-for strong recovery following years of Covid lockdown-induced slowing was quickly running out of steam.
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