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FILE - Construction cranes are seen near the central business district in Beijing, Aug. 8, 2024. (AP Photo/Ng Han Guan, File)
China rolled out a raft of measures Tuesday aimed at countering a prolonged downturn in its property market that is weighing on the world’s second largest economy. The chief of China’s central bank said it would cut the amount of reserves banks are required to keep. It also slashed interest rates on...
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