Chinese economy. China’s gross domestic product grew by 4 percent year over year in the last quarter of 2021 and by 8.1 percent for the entire year, according to the National Bureau of Statistics. Meanwhile, China’s central bank said it would cut interest rates to 2.85 percent on 700 billion yuan ($110 billion) worth of […]
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Daily Memo: Chinese Economic News, US Support for Europe
China's central bank is cutting rates in an effort to boost growth.
