Business

Associated Press
A clerk counts Chinese banknotes at a bank in Huaibei, in central China's Anhui province, Friday June 8, 2012. China cut state-set gasoline and diesel prices for the second time in a month on Friday amid mounting government efforts to reverse a sharp slowdown in the world's second-largest economy. The reduction in fuel prices followed an interest rate cut on Thursday, which was the first in almost four years, and a small but significant step toward letting the market set rates paid on bank deposits. (AP Photo)  CHINA OUT

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