MarketWatch.com - Financial Services Industry News http://ift.tt/1zweiXA BEIJING--A surprise rate cut by China's central bank underscores the increasingly aggressive measures the leadership is relying on to rev up activity in the world's second-largest economy. The rate cut shaves a quarter of a percentage point off benchmark lending and deposit rates, and came less than four months after the last reduction--sooner than many economists and analysts expected.
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