China to crank up credit as lending, economy slow (Reuters) « World Post News
World Post News

Selected excerpt FROM: http://us.rd.yahoo.com/dailynews/rss/asia/*http://news.yahoo.com/s/nm/20120218/bs_nm/us_china_economy_rrr

Reuters – China’s central bank cut the amount of cash banks must hold in reserves on Saturday, boosting lending capacity by an estimated 350-400 billion yuan ($55.6-$63.5 billion) in a bid to crank up credit creation as the world’s second



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