China cuts rates as economic data misses expectations while unemployment rate falls for third consecutive month
epa10122264 People walk at a shopping district in Beijing, China, 15 August 2022. China's central bank cut key interest rates as economic data missed expectations as retail sales grew by 2.7 percent and industrial production rate at 3.8 percent. China's unemployment rate fell for the third consecutive month as the youth jobless rate hit a record high of 19.9 percent. EPA/MARK R. CRISTINO
