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China cuts key interest rate to support economy to counter post-Covid growth slowdown

China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy. Following a similar move last week, China's central bank cut a key rate on Monday in a bid to stimulate activity. (Representational Image)(Bloomberg) Activity has been dragged down recently by uncertainty in the labour market and global economic sluggishness, weakening demand for Chinese goods. Financial troubles in the real estate sect...
Representational Image Growth China Percent Economic Activity Financial Cuts Hindustantimes Key News World
Source: wn.com

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