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International Business Times
International Business Times
Business
Oliver HOTHAM

China Central Bank Cuts Benchmark Lending Rate To Boost Economy

China Economy Beijing
Officials in China have struggled to kickstart economic growth as they battle a range of headwinds (Credit: AFP)

China's central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost its flagging growth.

Officials in China have struggled to kickstart economic growth as they battle a range of headwinds, including a prolonged property-sector crisis, soaring youth unemployment and a global slowdown that has hammered demand for Chinese goods.

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