News Snapshot:
|China has called on major world economies to spur growth by coordinating their macro-economic policies as the Chinese economy faces downward pressure from shrinking demand and supply chain disruptions owing to stringent pandemic related restrictions. President Xi in his virtual address at the 2022 Davos World Economic Forum, warned against the effects of raising interest rates too much too quickly, saying that such measures could threaten global financial stability China is battling a sharp economic slowdown.| China’s central bank cut its benchmark lending rates again on Thursday amid concerns about an economic slowdown in the world’s second-largest economy. It has...
