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China Just Did More Stimulus

Joe WeisenthalJun 9, 2014, 16:48 IST

Wikimedia Commons

China just did another stimulus.

The People's Bank of China has just cut the reserve ratio by 50 basis points for "selected banks" according to an announcement.

The cuts come in the face of a well-known Chinese slowdown. The country is trying to balance economic growth with a desire to deflate asset bubbles, hence the "targeted" cuts.