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Investors leave China amid slumping economy, stern COVID policies ...Middle East
China's economic slowdown and the country's high-handedness in tackling COVID-19 are pushing the investors to move out of the country and shut down their businesses. This comes amid signs of China's economic slowdown as the People's Bank of China has decided to reduce the required reserved ratio to boost lending through commercial banks, as per reports. A few days prior, the International Monetary Fund (IMF) also slashed China's growth forecast for this year.
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