‘In Small Steps’ China Cuts Benchmark Interest Rates

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‘In Small Steps’ China Cuts Benchmark Interest RatesCareful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis, however, not all effects might in the end turn out […]

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