China's central bank cut its benchmark lending rate on Thursday for the second straight month to shore up the slowing economy, in contrast with the United States and other major economies that are moving to tackle inflation.The U.S. Federal Reserve and the European Central Bank have been inclined to tighten monetary policy in a bid to curb sharp inflation stemming from a spike in global material prices amid supply chain disruptions and hopes for a post-pandemic economic recovery.China's latest rate reduction highlights the efforts of the government of President Xi Jinping to prevent an econ…READ FULL ARTICLE
