10-29-2008, 10:23 PM
<b>China cuts rates</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The Europe Central Bank and Britain are expected to add to the worldwide monetary easing next week as authorities remain fearful that the worst financial crisis in 80 years will cause a long global recession.
China increasingly appears to be the world's last center of growth and has said it would not fall victim to the crisis. It cut its interest rate to 6.66 percent from 6.93.
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China increasingly appears to be the world's last center of growth and has said it would not fall victim to the crisis. It cut its interest rate to 6.66 percent from 6.93.
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