China Makes 4th Recent Cut in Interest Rate to Boost Economy by THE ASSOCIATED PRESS


By THE ASSOCIATED PRESS

China’s central bank announced Saturday the fourth round of interest cuts in seven months and lower deposit-reserve ratios for some banks to lend to small and rural businesses, as Beijing tries to shore up the country’s sluggish economy.

Published: June 26, 2015 at 08:00PM

from NYT Business Day http://ift.tt/1RFYxa6

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