China's central bank cuts benchmark lending and deposit rates by 1.08%, the fourth cut since...

|By:, SA News Editor
China's central bank cuts benchmark lending and deposit rates by 1.08%, the fourth cut since mid-September and the biggest in 11 years. One-year bank loans drop to 5.58% from 6.66%, while the benchmark one-year deposit rate falls to 2.52% from 3.60%. (ETFs: FXI, PGJ)