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China moves to stimulate economy

Updated: 2008-12-01 18:47
 China moves to stimulate economy  
 

China slashes interest rates to boost growth

China's central bank Wednesday cut the benchmark interest rate by 1.08 percentage points, the highest in 11 years, to stimulate the economy battered by the global financial and other economic woes.
 

 
The central bank yesterday cut the benchmark interest rate by 1.08 percentage points, the highest in 11 years, to stimulate the economy battered by the global financial and other economic woes. 

 

 

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