January 17, 2022

China grows at a slower pace, PBoC intervenes By Investing.com

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Key Topics in this News Article:

Bank Bank of China Beijing China Chinese Chinese New Year Coronavirus Covid-19 Economy European Finance Investment Olympics Real Estate Sports Website

News Snapshot:

© Reuters. By Gina Lee Investing.com - In the fourth quarter, it grew at the slowest pace since the second quarter of 2020 due to the effects of the crisis in the real estate market and zero tolerance cul Covid, prompting the PBoC central bank to cut interest rates on major loans. According to official data, in the fourth quarter it increased by 4% on an annual basis from + 4.9% in the previous quarter, still exceeding the consensus elaborated by Investing.com by 3.6%. On a quarterly basis, the was equal to + 1.6% (expected + 1.1%) compared to +…

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China grows at a slower pace, PBoC intervenes By Investing.com

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