Why China isn’t cutting lending rates like the rest of the world
Pedestrians walk past the People’s Bank of China headquarters in Beijing, China, on January 7, 2019.
Giulia Marchi | Bloomberg | Getty ImagesBEIJING — The People’s Bank of China is choosing not to follow many other major central banks in cutting interest rates as it tries to navigate a challenging economic environment.
China’s central bank must manage an economy structured in many ways quite…
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