The People’s Bank of China will cut the reserve requirement ratio for commercial banks. Photo: Reuters
The People’s Bank of China will cut the reserve requirement ratio for commercial banks. Photo: Reuters

China’s central bank frees up US$100 billion in funding as trade war looms

PBOC cuts share of deposits banks must set aside to boost support for small businesses and ailing state firms

The People’s Bank of China will cut the reserve requirement ratio for commercial banks. Photo: Reuters
The People’s Bank of China will cut the reserve requirement ratio for commercial banks. Photo: Reuters
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