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George Liu
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George is currently a Managing Director at Lion Fund. He has written for Seeking Alpha, The Motley Fool, Investing.com, Psychology Today and his works have been featured on Seeking Alpha's Wall Street Breakfast, MSN Money, Yahoo! Finance, AOL DailyFinance, CNNMoney, CNBC, MarketWatch, TheStreet,... More
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  • Further Stimulus And Easing From China 0 comments
    Jun 7, 2012 3:07 PM | about stocks: FXI, CHIX

    Just today, the People's Bank of China (PBOC) announced that it cut both the benchmark deposit and lending rate by 25 basis points in what is a further sign of easing from China. The 1-year lending rate is now 6.31% and the 1-year deposit rate is now 3.25%.

    This reduction, the first implemented by China since 2008, follows other stimulus measures that China has implemented. Moreover, China has also delayed the tightening of bank capital rules to 2013 and is now allowing banks to offer loans at a 20% discount from the benchmark rate (before was 10%).

    Themes: China Stocks: FXI, CHIX
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