China’s central bank says more funds will be available for loans to small businesses from next week. Photo: Xinhua

Hours after US President Donald Trump tweets tariff threat China frees up US$41.5 billion for small firm loans

  • People’s Bank of China says reserve requirement for some rural lenders will be cut to 8 per cent from next week as part of ongoing plan to support small businesses
  • PBOC also pumps US$20 billion into banking system but makes no mention of US president’s Sunday night tweet
Topic |   China economy

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China’s central bank says more funds will be available for loans to small businesses from next week. Photo: Xinhua
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Chinese Vice-Premier Liu He with US President Donald Trump inside the Oval Office of the White House in Washington in April. Photo: EPA

China still ‘preparing’ delegation for US trip despite Donald Trump’s threat to increase tariffs

  • US President said he will increase punitive tariffs on US$200 billion of imports from 10 per cent to 25 per cent on Friday in a tweet posted on Sunday
  • Liu He could depart Beijing on Thursday, three days later than previously scheduled, and leave Washington a day later, says a source
Topic |   US-China trade war

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Chinese Vice-Premier Liu He with US President Donald Trump inside the Oval Office of the White House in Washington in April. Photo: EPA
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