China announced fresh stimulus to revive the economy

Source: Reuters
© scanpics/RS
The decision of a new stimulus programme, which will be implemented in China to revive the slowing economy, was approved and announced on Friday, after the release of bank lending and foreign investment data that showed an alarming drop in growth. The central bank is going to lend 50 billion Yuan to banks at discounted rates in order to let them to re-lend the cash to farmers and small businesses.
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