The People’s Bank of China will cut the reserve requirement ratio for the second time this year. Photo: Bloomberg
The People’s Bank of China will cut the reserve requirement ratio for the second time this year. Photo: Bloomberg
Economy /  China Economy

China to cut reserve requirement ratio for second time this year to boost economic growth amid strong headwinds

  • PBOC decision comes only three days after Premier Li Keqiang said China would cut the RRR ‘at an appropriate time’
  • Move comes amid signs that China’s economic growth is slowing, while a downturn in the property market appears imminent

Topic |   China economy
Orange WangJi SiqiAmanda Lee
Orange Wang Ji Siqi and Amanda Lee in Beijing

Updated: 9:16pm, 6 Dec, 2021

Why you can trust SCMP
The People’s Bank of China will cut the reserve requirement ratio for the second time this year. Photo: Bloomberg
The People’s Bank of China will cut the reserve requirement ratio for the second time this year. Photo: Bloomberg
READ FULL ARTICLE