China eases lending rules to sustain growth

The People's Bank of China said Monday it will make lending more flexible to encourage "stable and relatively fast growth".

Xinhua, the state-owned news agency, reported on Tuesday that the central bank was acting on global uncertainty. The news agency reported the central bank as saying that the more flexibility was required "to help cushion against various potential shocks".

The central bank failed to specify what greater flexibility entailed, but it is thought likely that it will loosen

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