The required reserve ratio cut by the People’s Bank of China will boost bank’s lending capacity and more importantly lower their cost of capital received from the central bank. Photo: Reuters

China cuts banks’ reserve requirements in latest effort to boost economy amid US trade war

  • People’s Bank of China cuts reserve requirement for all banks by 0.50 percentage point effective from September 16
  • It also cuts reserve requirements for certain urban banks by another full percentage point, with half effective on October 15 and the rest a month later
Topic |   China economy

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The required reserve ratio cut by the People’s Bank of China will boost bank’s lending capacity and more importantly lower their cost of capital received from the central bank. Photo: Reuters
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Victor Shih (left) and Andrew Polk played down the impact of the trade war during the US-China Economic and Security Review Commission hearings at the US Congress. Photo: C-SPAN

China economy woes owe more to domestic issues than trade war, experts tell Washington hearing

  • China's domestic economic issues are more problematic for policymakers in Beijing than the trade war, experts warn US congressional hearing
  • Victor Shih, University of California expert on China, warned that ‘it would take a truly massive economic shock to threaten’ Chinese President Xi Jinping’s power
Topic |   US-China trade war

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Victor Shih (left) and Andrew Polk played down the impact of the trade war during the US-China Economic and Security Review Commission hearings at the US Congress. Photo: C-SPAN
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