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February 19, 2012

China acts to crank up credit as lending, economy slow

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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. ... FF News: Fundamental

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