2012-07-05 — nytimes.com
China's central bank unexpectedly cut regulated bank lending rates by nearly a third of a percentage point on Thursday evening, and made a rule change that could further reduce borrowing rates for companies with good credit by an additional three-fifths of a percentage point.
The double-barreled move comes just four weeks after a similar rate reduction and rule change by the People's Bank of China, and underlines the growing worries in Beijing about what the government has begun to describe as a sharp economic slowdown
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