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2026-07-31T15:23:38.039Z

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Chinese central bank cuts rates to boost economy

Chinese central bank cuts rates to boost economy

The Chinese central bank cut interest rates by 50 basis points to stimulate economic growth. This step is part of the government's efforts to boost economic activity and address the slowdown, with a focus on supporting sectors such as industry and technology. These measures are part of a broader strategy to promote financial stability and encourage investments, highlighting the importance of flexible monetary policies in supporting China's economy during the current period.

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