(Bloomberg, Beijing, 12 June 2012) China’s economy expanded 8.1 percent last quarter, the slowest pace in almost three years, and the government cut interest rates for the first time since 2008 last week. China Eximbank plans to use the proceeds from its sale to fund yuan export credits and for general corporate purposes, one of the people said today. China Eximbank and Agricultural Development Bank raised a total of 9 billion yuan in Hong Kong this year
