China to cut reserve requirement ratio in near future: central bank governor

Xinhua
China will cut the reserve requirement ratio by 0.5 percentage points in the near future.
Xinhua

China will cut the reserve requirement ratio by 0.5 percentage points in the near future, providing about 1 trillion yuan (US$141.78 billion) in long-term liquidity to the financial market, Pan Gongsheng, governor of the People's Bank of China, said Tuesday.


Special Reports

Top