China’s Growth Slows in 2nd Quarter, Downturn Hits Retail Sales

Quick Summary:

The Chinese yuan and stocks fell on Monday following the disappointing official data for the second quarter

The post China’s Growth Slows in 2nd Quarter, Downturn Hits Retail Sales appeared first on Asia Financial.

Analysts polled by Reuters expect a 10-basis points cut in China’s one-year loan prime rate as well as a 25-basis points cut in banks’ reserve requirement ratio in the third quarter.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: Markets Fintech World Asia Market Insights

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 06:56:03 (1 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 689 words

Reading Time: 4 minutes read

Sentences: 24 lines

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Copyright Owner: © Asia Financial

News ID: 21624150

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