A construction project by Country Garden, which has become the country’s largest developer to run into financial difficulties.
The action by the central bank, the latest in a series of steps to try to spur lending, was more modest than expected.
Stocks in China tumbled and the currency weakened on Monday after the country’s central bank announced a smaller-than-expected cut…
This story from nytimes.com was posted on 2023-08-21 by @rockway.