China stocks fall as c.bank easing fails to impress; more stimulus expected

By Kazunori Takada SHANGHAI (Reuters) - Chinese stocks erased earlier gains and closed 1 percent lower on Thursday, after an injection of more money into the system by the central bank failed to impress investors who are worried about an ongoing crackdown on high-leverage trading. The yuan and money rates dipped after the People's Bank of China (PBOC) cut banks' reserve requirement ratios by 50 basis points, a widely expected stimulus move to support the world's second-biggest eco