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Thread: China cuts the interest rates by 108 basis points!
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[quote=JIMMYB,342034]Another news: The Chinese government encourages the farmers to consume more. From next year, the government will subsidize the farmers to buy the electrical appliance, such as washing machine, TV and cellphone. The local goverments will burden about 30 percent of the costs for those electrical appliance. This is another way to expand the domestic demand.[/quote]
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