China cuts rates, injects liquidity as stimulus grows

[Pelican Press 0]

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China cuts rates, injects liquidity as stimulus grows

China’s central bank has lowered interest rates and injected liquidity into the banking system as Beijing ramps up stimulus to pull economic growth back towards this year’s roughly 5 per cent target and ****** deflationary pressures.

More fiscal measures are expected to be announced before China’s week-long holidays starting on October 1, after a meeting of the ********** Party’s top leaders showed an increased sense of urgency about mounting economic headwinds.

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