China could cut interest rates by as much as 100 basis points during the second half of this year as the government moves to shore up growth in the face of global economic uncertainty, an official with the country's powerful planning agency said Thursday. Cao Wenlian, director of the International Cooperation Center within the National Development and Reform Commission, also said that the reserve requirement could be cut another three times before the end of the year. He said that the domestic and global economy's performance so far this year has been worse than had been expected. May data showed signs of ... (full story)