World Economy

Further Cut in Interest Rates

Further Cut in Interest RatesFurther Cut in Interest Rates

China’s central bank further lowered the country’s key interest rates this week. The move signifies that the Chinese government can no longer put up with the economy’s downtrend, Focus Taiwan reported. According to the latest forecast by China’s National Development and Reform Commission, China’s economic growth will likely be around 7% in the first quarter of this year.