China's economy hardly falling off a cliff, but troubles are mounting


In tandem with the cuts, the central bank said it would no longer set a ceiling on the rates that banks may pay depositors.HONG KONG: As China confronts a persistent slowdown in growth, its government moved to pump more money into the economy, stimulus measures that could create other challenges for the country.

Chinese officials on Friday mostly followed a well-worn playbook, putting in effect a number of measures designed to help lower corporate borrowing costs. The central bank cut interest rates for the sixth time in less than a year, and it freed up banks to lend more money for the fourth time sin .. 


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