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FT: China economy steadies on stimulus boost

Updated: Jul 15,2015 3:49 PM

China’s economic growth held steady in the second quarter, as key production indicators rebounded suggesting that a series stimulus measures launched since late last year have succeeded in cushioning a long-term structural decline.

The steady growth follows four cuts in benchmark interest rates since November and reductions totaling more than 1.5 percentage points in the required reserve ratio for banks.

-- Financial Times on July 15