China rate cut fails to ease economy worries

By Agence France-Presse

Aug 22, 2023 12:16 am

HONG KONG: Most Asian markets fell on Monday as China's decision to cut interest rates again failed to reassure investors, who are growing increasingly worried about the outlook for the world's number two economy.

Sentiment has been hammered this month by a string of weak data out of Beijing, indicating the post-Covid recovery has run off track.

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