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China unveils new moves to lift economy

Central bank to lend 50b yuan to banks at discounted rates as FDI growth slips to lowest since 2012

NOT A PRETTY PICTURE: China's economy has been hit by a housing slump and waning investment and manufacturing growth.


CHINA announced fresh support measures on Friday for its slowing economy after data showed a worrying drop in bank lending and foreign investment growth falling to a two-year low.

The central bank said that it would lend 50 billion yuan (S$10.68 billion) to banks at...

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