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World Business Report: First broadcast 17/01/2022 22:32 GMT : China cuts interest rates

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China cuts interest rates

First broadcast 17/01/2022 22:32 GMT 

First broadcast 17/01/2022 22:32 GMT : China cuts interest rates

BBC World Service - World Business Report, China cuts interest rates

China cuts interest rates as economic growth slows.

China has unexpectedly cut a key interest rate for the first time in almost two years as official figures showed its economic growth had slowed. Geoffrey Yu, senior market strategist at bank of New York Mellon, explains the possible reasoning behind the move. Antonio Horta-Osorio has resigned as chairman of Credit Suisse following Covid breaches. The departure comes on the heels of a string of scandals for the beleagured bank. Also in the programme, there's a growing fuel crisis in Uganda as truck drivers protest over Covid requirements at the border, and we find out more from the BBC's Patience Atuhaire in Kampala. Plus, the BBC's Theo Leggett reports on aviation technologies that might shape the future of flying.

(Picture: An ATM issuing Yuan. koiguo/Getty Images.)

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First broadcast 17/01/2022 22:32 GMT : China cuts interest rates

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