Concerns about the economy have grown increasingly acute, which is why China's central bank is moderately cutting interest rates. However, experts consider the move largely symbolic, because the economy does not lack capital. Its target group was probably not so much the banks as the public.
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Beijing has done a lot to clean up its financial sector in recent years. But authorities admit that there is still a lot to be done, especially at regional banks. The failed payment to private customers in Henan could be the beginning of further deterioration.
By Redaktion Table