Tradelines News

Get the latest news and updates on cross-border customs and international trade.

China Surprises with Interest Rate Cut to Spur Growth

Posted November 24, 2014

Under Economic Issues, International Trade Issues

(Reuters)

China cut interest rates unexpectedly on Friday, stepping up a campaign to prop up growth in the world’s second-largest economy as it heads towards its slowest growth in nearly a quarter century.

The cut – the first such move in over two years – came as factory growth has stalled and the property market, long a pillar of growth, has remained weak, dragging on broader activity and curbing demand for everything from furniture to cement and steel. Read more here.

Related: China Ready to Cut Rates Again on Fears of Deflation (Reuters)