China’s central bank cut the interest rate on its medium-term lending facility (MLF) on Tuesday for the first time since early 2016, as policymakers work to prop up a slowing economy hit by weaker demand at home and abroad. With growth cooling faster than expected and nearing 30-year lows, a number of economists worry there is a risk that Chinese policymakers may be falling behind the curve by moving too cautiously. …read more
Source:: Yahoo Finance
