China economy loses smoke as COVID-19 erupts, ic.bank lowers prices


Source: usnews18.com usnews18.com

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Growth in the October-December quarter hit a one-and-a-half-year low, government data showed shortly after the central bank moved to prop up the economy with a cut to a key lending rate for the first time since early 2020. Register now for FREE unlimited access to Reuters.com Several Chinese cities went on high alert ahead of the Lunar New Year holiday travel season, as the Omicron variant reached more areas including the capital Beijing. Register Story Highlights BEIJING, Jan 17 (Reuters) – China’s economy rebounded in 2021 from its pandemic-induced slump helped by robust exports but the pace slowed further in...