Home U.S.A. News China cuts rates as lockdowns and a real estate crisis take their...

China cuts rates as lockdowns and a real estate crisis take their toll

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China’s central bank cut interest rates on Monday as new data showed the economy losing steam last month because of renewed Covid lockdowns and a deepening property downturn.China’s central bank cut interest rates on Monday as new data showed the economy losing steam last month because of renewed Covid lockdowns and a deepening property downturn.