People have been predicting this for months, and finally it's here.
After a slew of weak economic data, China is cutting rates.
The People's Bank of China delivered a 50-basis-point cut in banks' reserve requirement ratio (RRR), effective from May 18.Read more: http://www.businessinsider.com/china-cuts-rates-2012-5?#ixzz1ug7p3Pqn
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