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Cryptopolitan 2023-07-04 18:22:04

China state lenders slash dollar deposit rates again

As economic developments unfold, China’s primary state banks have once again reduced their dollar deposit rates, marking the second such cut within a span of a month. A strategic move, it underlines the attempts by the Chinese authorities to halt the depreciating yuan and thus, shapes the country’s monetary landscape. China’s attempt to salvage the ... Read more

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