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BEIJING, June 7 – China delivered twin surprises on interest rates today, cutting borrowing costs to combat faltering growth while giving banks additional flexibility to set competitive lending and deposit rates in a step along the path of liberalisation.China’s first rate cut since the global financial crisis underlined heightened concern among ... Read more at http://www.themalaysianinsider.com/business/article/china-surprises-with-25-bps-interest-rate-cut/