China cuts its key lending rate for the third time in two months, to 6.66% from 6.93%, to...

|By:, SA News Editor

China cuts its key lending rate for the third time in two months, to 6.66% from 6.93%, to stimulate growth. "China's economy is still at risk from a drastic slowdown," researcher Xia Bin says. Before September, China hadn't cut borrowing costs for six years.