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Interest rates slashed in new lending boost

by Zhang Fengming

CHINA yesterday announced its fifth interest rate cut since mid-September and another reduction in its banking reserve requirement to free up more money in the effort to stimulate the country's slowing economic growth. ...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200812/20081223/article_385559.htm"> Interest rates slashed in new lending boost </a> by -- CHINA yesterday announced its fifth interest rate cut since mid-September and another reduction in its banking reserve requirement to free up more money in the effort to stimulate the country's slowing economic growth. ... </p>