China cuts lending rate for second month

Updated September 20 2019 - 5:03pm, first published 4:58pm
China has cut its one-year ending rate for the second month in a row as the Sino-US trade war drags.
China has cut its one-year ending rate for the second month in a row as the Sino-US trade war drags.

China has cut its new one-year benchmark lending rate for the second month in a row, a step by the central bank to try to wrestle down borrowing costs and support the economy as the Sino-US trade war drags on.

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