china cuts

China cut a key interest rate Monday just four weeks after its biggest rate cut in 11 years in a new effort to revive deterioriating economic growth amid tensions over rising job losses.

China's government says it is cutting the price of gasoline and diesel but raising fuel taxes.

Global oil consumption will drop this year for the first time since 1983, as an economic downturn in the West and slower growth in China cuts fuel demand, according to the world's main energy forecaster.

China’s central bank cut interest rates by more than a full percentage point, the largest Chinese rate reduction since the Asian financial crisis a decade ago.

China cut key interest rates for the third time in six weeks on Wednesday in a bid to spur economic growth amid fears of a global recession that would hit its vital exports.