China's Response To Shield Economy From Real Estate Storm, Biden Targets Cancer, Diabetes Drugs In Controversial Medicare Price Battle, Google Collaborates With Nvidia In AI Expansion: Today's Top Stories
Bloomberg China Takes Drastic Measures To Shield Economy From Real Estate Storm China is pulling out all the stops in response to the brewing storm within its real estate sector, aiming to prevent the cascading impact from reaching other sectors and economies. On a recent note, the world's second-largest economy has issued a directive to prominent state-owned banks, mandating substantial reductions in bank deposit and mortgage rates. The report highlights the insufficient domestic demand and cha