China surprised markets on Monday by cutting both short-term and long-term interest rates, the first broad rate reduction since August 2023. The move signals a proactive approach to stimulate the country’s slowing economy. The cuts, …
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China’s Economy Stumbles in Q2, Raising Pressure for Stimulus
China’s economic growth slowed significantly in the second quarter of 2024, prompting concerns and increasing pressure for more stimulus measures. The world’s second-largest economy expanded by 4.7% in April-June, falling short of analyst expectations and …
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