China policy economy
Edited By WION Video Desk
Published: Jul 25, 2024, 05:05 IST | Updated: Jul 25, 2024, 05:05 IST
We turn our attention to the unexpected rate cut by China. This move signals Beijing's attempt at shoring up the slowing economy. Just days after cutting a crucial short-term rate, the People's Bank of China (PBOC) slashed the rate on its one-year policy loans by the most since April 2020.
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