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China cuts interest rates as economic growth slows
- China has unexpectedly cut a key interest rate for the first time in almost two years as official figures showed its economic growth had slowed. Gross domestic product (GDP) grew by 4% for the last three months of 2021 from a year earlier, the National Bureau of Statistics said. That was better than most economists had predicted but was a lot slower than the previous quarter. In another sign of weakness retail ...