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China may have a new way of boosting its economy. Here’s what the central bank just did

August 20, 2019


China’s central bank has changed the way commercial lenders set interest rates for loans — a move expected to bring borrowing costs lower at a time when the Chinese economy needs a boost.

Growth in China is slowing down as its trade war with the U.S. looks set to intensify in the coming months. Chinese authorities have used both monetary and fiscal measures to lift economic activity, but analysts say certain segments of the economy could use more help.

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