China Cuts Major Interest Rates to Support Fragile Economy

07/22/2024 Reuters: China surprised markets by lowering a key short-term policy rate and its benchmark lending rates, in efforts to support its fragile economy. Analysts say the cuts come amid signs that economic momentum is flagging. The ongoing crisis in the property market, surging debts and looming deflation could stall China’s economic growth, as happened to Japan after its economic bubble burst some 30 years ago
#ratecut #ChinaCentralbank #propertycrisis
07/22/2024 路透社：为了挽救其脆弱的经济，中共意外下调了关键的短期政策利率和基准银行贷款利率。分析人士称，此次降息是因为经济增长动力出现疲软迹象。房产市场持续陷入危机、激增的债务和迫在眉睫的通缩可能会导致中国经济增长停滞，类似于30多年前日本经济泡沫破裂后所发生的那样。
#降息 #中共央行 #房地产危机