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China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending

China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.

Daisuke Wakabayashi
Author: Daisuke Wakabayashi

Written by

Daisuke Wakabayashi

in

China, Consumer Behavior, Industrial and Commercial Bank of China, Ministry of Commerce (China), People’s Bank of China, Peoples United Financial Inc
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