The People’s Bank of China will reduce the required reserve ratio by one percentage point this month so that banks have sufficient funds to lend. Photo: AFP
Economy /  China Economy

China prepares for testing 2019 by freeing up US$210 billion in latest move to boost ailing economy

  • People’s Bank of China to cut required reserve ratio by one percentage point in January
  • Move came hours after Chinese Premier Li Keqian told the central bank to do more to help the growth of the world’s second largest economy
Topic |   China economy
Frank TangOrange Wang
Frank Tang and Orange Wang

Updated: 9:51am, 7 Jan, 2019

Why you can trust SCMP
The People’s Bank of China will reduce the required reserve ratio by one percentage point this month so that banks have sufficient funds to lend. Photo: AFP
READ FULL ARTICLE