The Lowdown
So, China's big bosses, the Communist Party, have come up with this 50-page game plan to tackle some of the knotty issues their economy's dealing with. And, as a bit of a surprise, the People's Bank of China (PBOC) chopped down some important interest rates to give a hand to the property market, which is having a bit of a rough time right now.
The Rate Chop
These guys at the PBOC slashed the five-year loan prime rate to 3.85% from 3.95%, and the one-year loan prime rate to