Beijing is attempting a difficult balancing act – trying to revive growth while also implementing structural reforms, and managing financial stability risk.
While cutting lending rates may provide some help, it will be difficult unless Chinese consumers feel confident enough to borrow – at a time where consumer confidence is near an all-time low.
Prices of iron ore futures have risen, partly because of today’s lending rate cuts in China.
The most-traded January iron ore contract on China’s Dalian commodity exchange gained 1.5% to trade at 770 yuan (£83) per metric tonne.
Meanwhile, in Germany, wholesale inflation has fallen by more than expected.
German industrial producers lowered the prices of their products by 0.5% during September, meaning they were 1.4% lower than a year ago.
The main reason for the drop in the PPI rate was a decline in energy prices. They were 6.6% cheaper in September 2024 than in September 2023, including a 14.4% drop in prices of mineral oil products. The agenda • 3pm BST: the Conference Board’s leading economic index for the US
Downton-based Cricket Hockey has built on a family legacy of cricket and a background in IT to become a leading online cricket supplier.
Managing an online business can be complex: ensuring high-quality products are in stock for immediate delivery is no small feat.
But as early movers in ecommerce, Cricket Hockey know the power of an effective payment solution.
One key lesson learned? Working with PayPal can help streamline their business with one payment solution and provide a seamless experience for customers. With PayPal by their side, they can stay focused on what matters most— their business.
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Degrowth needs to solve its image problem for the sake of the planet 
