China to crank up credit as lending, economy slow (Reuters)

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February 18, 2012
The Wall Street Geek

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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-biggest economy faces a fifth successive quarter of slowing growth.

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