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China Cuts Key Interest Rates, Hoping to Kick-Start Flagging Economy

Por: The New York Times Business June 21, 2023

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China’s central bank cut key interest rates on 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 tenth 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 corporate... + full article



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