China rolls out sweeping stimulus measures to buoy sagging economy

Lending rate cuts, stock market support facility follow U.S. Fed's shift to easing

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The People's Bank of China has taken fresh action to support the sluggish economy. © Reuters

WATARU SUZUKI, Nikkei staff writer

SHANGHAI -- Chinese stocks rallied on Tuesday after the central bank announced a string of interest rate cuts and new measures to boost the market, as it battles an economic slowdown.

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