The People's Bank of China has decreased interest rates for the third time in six months. The Chinese monetary authorities are trying to help the economy facing very weak results for foreign trade, and problems on the real estate market. It's because there is a big risk that the country will not fulfill the target of the GDP increase to the level of 7 percent, which was established by the government.
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The People's Bank of China has decreased interest rates for the third time in six months. The Chinese monetary authorities are trying to help the economy facing very weak results for foreign trade, and problems on the real estate market. It's because there is a big risk that the country will not fulfill the target of the GDP increase to the level of 7 percent, which was established by the government.
Piotr Lonczak, analityk Cinkciarz.pl
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