China cut its benchmark lending rates for a second straight month, after the central bank lowered the borrowing costs on medium-term loans earlier this week, in a bid to support a slowing economy facing a fresh wave of coronavirus cases and reeling from a string of regulatory crackdowns.
China cut its benchmark lending rates for a second straight month, after the central bank lowered the borrowing costs on medium-term loans earlier this week, in a bid to support a slowing economy facing a fresh wave of coronavirus cases and reeling from a string of regulatory crackdowns.