News Snapshot:
China on Friday announced it would cut a key interest rate in a boost to home buyers and debt-mired developers as the country's economy is slowed by Covid-19 restrictions ripping across major cities. BEIJING, May 20, 2022 (AFP): China on Friday announced it would cut a key interest rate in a boost to home buyers and debt-mired developers as the country's economy is slowed by Covid-19 restrictions ripping across major cities.Economic data this week highlighted the stark impact of Covid-19 restrictions and lockdowns in many major Chinese cities.Sunac, one of China's largest developers to default on payments in recent months,...
