Tags: manufacturing china

China Cuts Key Interest Rates, Combats Fraud, Bad Loans and Manufacturing Slowdown

June 7th, 2012
in econ_news

Econintersect: Both deposit rates and lending rates have been cut by 25 basis points by the PBoC (People’s Bank of China).  The Chinese central bank moves are effective as of 8 June 2012.  The new one-year lending rate is 6.31% and deposits will receive… more »

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