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China Unveils Fresh Support Measures as Economy Shows Renewed Weakness

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 it would lend RMB 50 billion ($8.1 billion) to banks at discounted rates to allow them to re-lend the money to farmers and small businesses - areas of the economy that are usually short of cash. The latest attempt to ease policy in a “targeted” manner to help the most vulnerable sectors...

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