The People’s Bank of China has changed the definition of a small business, meaning an enterprise with a credit line of less than 10 million yuan (US$1.46 million) will qualify for targeted reserve-requirement ratio cuts. Photo: AFP

China makes ‘US$102 billion’ move to aid slowing economy, but will it be effective?

  • The People’s Bank of China has changed the definition of a small business to encourage banks to increase lending amid the trade war with the United States
  • Estimates of amount of liquidity the targeted reserve-requirement ratio cut will release range from 400 billion yuan to 700 billion yuan
Topic |   China economy

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The People’s Bank of China has changed the definition of a small business, meaning an enterprise with a credit line of less than 10 million yuan (US$1.46 million) will qualify for targeted reserve-requirement ratio cuts. Photo: AFP
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