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China cuts rates, rolls out other moves to help the slowing economy

  • The Chinese central bank announced measures to revive the sluggish economy and address the downturn in the property sector on Tuesday.
  • Central bank chief Pan Gongsheng stated that the reserve requirement ratio will be cut by 0.5 percentage points to boost growth.
  • China's economic growth has slowed due to a real estate slump, leaving consumers reluctant to spend.
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  • 44% of the sources are Center
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Caixin Global broke the news in on Monday, September 23, 2024.
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