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Chinese Banks Cut Borrowing Cost For First Time In 20 Months

(Bloomberg) Chinese banks lowered borrowing costs for the first time in 20 months, providing support to an economy showing strain from a property slump and sporadic virus outbreaks.

The one-year loan prime rate was set at 3.8% versus 3. ....

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China's Economic Slump Fuels Calls for More Stimulus

The weakening of retail sales surprised analysts who were expecting a boost from the annual online “Singles Day” shopping. ....

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