Two cuts of 0.5 per cent this month in the proportion of deposits that banks are required to set aside as reserves will pump 1.5 trillion yuan (US$218 billion) into the Chinese banking system for lending to state and private companies. Photo: AP
SCMP Editorial
Opinion

Opinion

SCMP Editorial

Economic measures by Beijing will not bring results overnight

  • The restocking of the banks’ liquidity with the release of frozen deposits is just a first step towards guiding the economy through the year ahead

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Two cuts of 0.5 per cent this month in the proportion of deposits that banks are required to set aside as reserves will pump 1.5 trillion yuan (US$218 billion) into the Chinese banking system for lending to state and private companies. Photo: AP
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