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Charting the global economy: China reduces key interest rate
Aggregated Source: ChinaLegalBlog.com

(Bloomberg) — China’s central bank unexpectedly lowered a key interest rate in a bid to invigorate an economy beset by a deepening property slump and lackluster consumer demand.

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Data this week showed home prices in China fell for a second month in July, while industrial production and retail sales disappointed.…

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