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China rate cut sparks fears of grim May data
China's top banks hold deposit rates despite official cut
4:08am EDT
Wing cracks, other flaws delay China jet manufacture
3:39am EDT
China to cut fuel prices by 6 percent from Saturday - C1 Energy
3:41am EDT
By Nick Edwards
BEIJING | Fri Jun 8, 2012 4:08am EDT
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The People's Bank of China (PBoC) cut the official one-year borrowing rate by 25 basis points to 6.31 percent, and the one-year deposit rate by a similar amount to 3.25 percent.
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Jin Zhongia, head of a PBoC research institute, said China was concerned about Europe, China's single biggest foreign customer, especially if it slides into a recession.
"That will affect China's net exports, and China is already experiencing a deceleration in exports," he told a conference in California.
more....
China's top banks hold deposit rates despite official cut
4:08am EDT
Wing cracks, other flaws delay China jet manufacture
3:39am EDT
China to cut fuel prices by 6 percent from Saturday - C1 Energy
3:41am EDT
By Nick Edwards
BEIJING | Fri Jun 8, 2012 4:08am EDT
snip
The People's Bank of China (PBoC) cut the official one-year borrowing rate by 25 basis points to 6.31 percent, and the one-year deposit rate by a similar amount to 3.25 percent.
snip
Jin Zhongia, head of a PBoC research institute, said China was concerned about Europe, China's single biggest foreign customer, especially if it slides into a recession.
"That will affect China's net exports, and China is already experiencing a deceleration in exports," he told a conference in California.
more....
