Chinese Banks Plan Deposit Rate Cuts to Cushion Pain From a Faltering Economy

Large commercial banks in China are planning to lower some deposit rates, ahead of anticipated mortgage-rate cuts that will further squeeze profit margins. #press

https://www.wsj.com/articles/chinese-banks-plan-deposit-rate-cuts-to-cushion-pain-from-a-faltering-economy-6191d8d8?utm_source=press.coop