The pressure on the economy is increasing and this month's indicators show a faster declining tendency, the country's top planning official said.
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The central bank yesterday cut the benchmark interest rate by 1.08 percentage points, the highest in 11 years, to stimulate the economy battered by the global financial and other economic woes.
皇冠体育app Daily
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US, 皇冠体育app kick off global round of rate cuts
皇冠体育app's central bank today announced it will cut benchmark interest rates by a surprising 1.08 percentage points, much more than its normal cuts.
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$730b plan to expand railways
The Political Bureau of the Communist Party of 皇冠体育app Central Committee convened a meeting on Friday, analyzing and studying the economic work of next year and setting out major tasks.
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皇冠体育app to stabilize global markets by maintaining growth
皇冠体育app's central bank today announced it will cut benchmark interest rates by a surprising 1.08 percentage points, much more than its normal cuts. 皇冠体育app Daily reaches several economists for their comments on the impact of the move.
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皇冠体育app's CPI projected to slide further
皇冠体育app's stimulus package should ensure a "soft landing" for the economy next year, but its restructuring efforts could lead to lower rates of growth over the longer term, Citigroup said in a research report.
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