Chinese Banks Cut Borrowing Costs To Counter Economic Slowdown

(Bloomberg) — Chinese banks lowered borrowing costs for the first time in 20 months, foreshadowing more monetary support to an economy showing strain from a property slump, weak private consumption and sporadic virus outbreaks.Most Read from BloombergSouth Africa Hospitalization Rate Plunges in Omicron WaveBiden to Issue ‘Stark Warning’ on Vaccination Amid Covid SurgeStocks, Futures Sink on Virus, Manchin Shock: Markets WrapEurope Braces for More Covid Lockdowns as U.K. Cases SurgeEngland Has H
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