BBCNEWS World Business Report June 4, 2024 04:35:00
To china now where the authorities are trying to support its struggling economy. the country's central bank has just cut one of its core lending rates, it's so called one—year loan prime rate — and it's now at a fresh record low of 3.45%. but it's decided to leave its five—year rate unchanged at 4.2%. recently we have been talking about a slew of gloomy economic data coming out of china, the world's second biggest economy? joao da silva is following the story from our asia business hub in singapore. investors are underwhelmed by the smooth?— investors are underwhelmed by the smooth? th...