China has cut one of its key lending rates to spur the recovery of the world’s second-largest economy. China’s economy is still growing but at a slower rate than was previously expected, due to a worsening property slump, weak consumer spending and tumbling credit growth. The country’s central bank has now cut its one-year loan prime rate while leaving some others untouched, surprising experts who had expected further-reaching measures. DW speaks to George Magnus of Oxford University’s China Center to find out more.
Why is China’s economy struggling? | DW News
