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China cuts rates as economy fears rise

Por: The Boston Globe Business June 20, 2023

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SHANGHAI — China’s central bank cut key interest rates Tuesday for loans issued by the state-controlled banking system, in the clearest sign yet of mounting concern in the Chinese government and corporate sector that the country’s economy is stalling.The interest rate cut was small — a 10th of a percentage point for the country’s benchmark one-year and five-year interest rates for loans. But because almost all of the country’s... + full article



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