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China acts to crank up credit as lending, economy slow
Reuters The People's Bank of China (PBOC) is on the course of gentle policy easing to cushion the world's fastest-growing major economy against stiff global headwinds as Europe's debt crisis grinds on, although it has been treading warily. China eases bank restriction to boost growth China Cuts Bank Reserve Ratios a Second Time as Exports Tumble China cuts banks' reserve ratios |