Global Economic News

China GDP Growth Slows In Q4; PBoC Cuts Lending Rate

China's economy grew at a slower pace in the fourth quarter of 2021 amid weak property investment and new restrictions imposed at the end of the year to control the spread of coronavirus.

As the economy registered a slower growth, the central bank lowered its lending rates for the first time since 2020 and boosted liquidity.

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by RTTNews Staff Writer

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