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China Stock Prices Plunge Again, Other World Markets Rebound

China's Central bank cut its benchmark lending rate Tuesday after stock prices in Shanghai plunged another 7.6 percent, closing below the 3,000 mark at an eight-month low. Despite the steady slide in Chinese stock prices, however, other world markets began to reverse the steep declines they suffered earlier this week. The People's Bank of China said its interest rate for one-year loans would be reduced Wednesday by 25 basis points, to 4.6 percent - the fifth cut since November....

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