China's central bank cut interest rates to record lows to revive grappling economy
China's central bank has lowered key interest rates to record lows, aiming to stimulate an economy challenged by weak consumer demand and a property crisis. The cuts follow a temporary easing of trade tensions with the U.S. While industrial output shows growth, retail sales and the property sector are struggling, painting a mixed economic picture for the Asian giant.
China's central bank has lowered key interest rates to record lows, aiming to stimulate an economy challenged by weak consumer demand and a property crisis. The cuts follow a temporary easing of trade tensions with the U.S. While industrial output shows growth, retail sales and the property sector are struggling, painting a mixed economic picture for the Asian giant.
