economy2 years ago
China's Banking Measures to Boost Economy and Real Estate Sector
Chinese banks are planning to cut deposit rates in an effort to mitigate the impact of a faltering economy, as the country faces challenges such as slowing growth and rising debt levels. The move is aimed at boosting lending and stimulating economic activity, while also maintaining financial stability. This decision comes as part of China's broader monetary policy efforts to support the economy amidst ongoing challenges.