China's Central Bank. - China Daily/ANN
BEIJING, Dec 20 (AFP): China's central bank cut a key interest rate on Monday for the first time in nearly two years in a bid to kickstart growth in the world's number two economy as it creaks under the impact of a real estate crisis and coronavirus flare-ups.
The People's Bank of China said in a statement that it had lowered the loan prime rate (LPR) to 3.8 percent from 3.85 percent in November.
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