China cuts interest rates to stimulate economyChina said on Saturday it was reducing the country's interest rates for the second months in the last three months in an attempt to stimulate economy, the New York Times reports. The interest rates cut will make borrowing money cheaper and will therefore stimulate production. It will also allow market forces to play a greater role in country's economy, the article reads.
China said on Saturday it was reducing the country's interest rates for the second months in the last three months in an attempt to stimulate economy, the New York Times reports.
The interest rates cut will make borrowing money cheaper and will therefore stimulate production. It will also allow market forces to play a greater role in country's economy, the article reads.
