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Cryptopolitan 2023-06-08 10:16:34

China’s largest banks slash interest rates to boost economy

China’s largest banks have implemented interest rate cuts for savers to stimulate economic growth and encourage consumer spending. The country’s six state-owned commercial banks, including the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank, have all reduced interest rates on yuan-denominated demand deposits and time deposits, ... Read more

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