News Snapshot:
Business : ‘Chinese economy struggling, policy rate cut could impact global financial markets’ New Delhi, Aug 19 : The Chinese economy is struggling and the central bank has unexpectedly lowered its policy rate signalling serious worries about growth, said the Department of Economic Affairs (DEA) under the Indian Finance Ministry. According to the Monthly Economic Review published by the DEA, the lowering of policy rate in China could trigger risk aversion in financial markets around the world that have begun celebrating, perhaps, prematurely, the easing of inflation pressures in the near-term in the developed world. In its latest economic review,...
