4. Interest cut
On Nov 22, 2014, China's central bank adjusted the benchmark rates for the first time since July 2012.
After the cut, one-year deposit rate will stand at 2.75 percent, while one-year lending will be at 5.6 percent.
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A bull sculpture on the Jinrong street in Fuzhou city, capital of Fujian province, Nov 19, 2014. [Photo/IC] |
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