The mainland's foreign-exchange reserves fell to US$3.84 trillion at the end of December from nearly US$4 trillion in June. Photo: Xinhua
China's bank reserve ratio cut targets two birds with one stone
Central bank move aims to boost market confidence in economic outlook, defend yuan stability and stem continued capital flight
The mainland's foreign-exchange reserves fell to US$3.84 trillion at the end of December from nearly US$4 trillion in June. Photo: Xinhua
