From Breakingviews: China's GDP grew 8.1% in 2021, but activity slowed sharply so the central bank surprised markets with a rate cut on Monday. Low inflation and a strong yuan give Beijing room to decouple further, says ywchen1
A giant screen displays news footage of Chinese President Xi Jinping delivering a speech, on New Year's Eve at a shopping mall in Beijing, China December 31, 2021. REUTERS/Florence LoHONG KONG, Jan 17 - The Chinese economy is declaring independence from the U.S. Federal Reserve Board. Gross domestic product grew 8.
Thus Monday’s surprise cut to the medium-term lending facility and short-term bond repurchase guidance rates, which will probably be followed by another cut to the benchmark Loan Prime Rate on Jan. 20.
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