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SHANGHAI, May 12 – China’s central bank cut the amount of cash that banks must hold as reserves today, pumping out more funds that could be used for lending to head off sharper slowdown in the world’s second-largest economy.The People’s Bank of China delivered a 50-basis-point cut in banks’ reserve requirement ratio (RRR), effective from May ... Read more at http://www.themalaysianinsider.com/business/article/china-central-bank-cuts-bank-reserves-to-boost-economy/