epa10133356 A general view of a
construction site in the central business district of Beijing,
China, 22 August 2022. China has cut its benchmark loan rates to
help revive its economy. China's one year loan prime rate was
cut from 3.7 percent to 3.65 percent, while the loan rates for
mortgages were cut from 4.45 percent to 4.3 percent, the
People's Bank of China (PBOC) said. EPA/MARK R. CRISTINO
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