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China is moving cautiously with its recently launched "mini-stimulus" plan, mindful of the painful hangover of inflation and debt from its 4 trillion yuan ($586 billion) avalanche of spending, including a wasteful building boom, in response to the 2008 global crisis. The government cut interest rates early in June for the first time in nearly four years, and also cut gasoline and diesel retail prices. It has promised to pump money into the economy with spending on low-cost housing, airports and other projects. ___ Online: http://www.chinawuliu.com.cn/
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