China unexpectedly cuts key rates as economic data disappoints - Reuters
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8/15/2022 12:00:00 AM2 years 8 months ago
China's central bank cut key lending rates in a surprise move on Monday to revive demand as data showed the economy unexpectedly slowing in July, with factory and retail activity squeezed by Beijing's zero-COVID policy and a property crisis.
BEIJING/SHANGHAI, Aug 15 (Reuters) - China's central bank cut key lending rates in a surprise move on Monday to revive demand as data showed the economy unexpectedly slowing in July, with factory and… [+5285 chars]
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