• 11/29/2024

China cuts banks’ reserve requirement ratio for second time this year, ahead of August data release

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

The People’s Bank of China’s second cut to the ratio this year comes as the world’s second-largest economy has struggled to rebound in recent months.

https://www.scmp.com/economy/china-economy/article/3234564/china-cuts-banks-reserve-requirement-ratio-second-time-year-ahead-august-data-release?utm_source=rss_feed