China’s central bank says it will cut the reserve requirement ratio (RRR) for major commercial banks by 0.5 percentage points, releasing 1.2 trillion yuan (US$188 billion) worth of long-term liquidity into the interbank system on December 15 with an aim of supporting the Chinese economy in the face of growing headwinds.The move comes amid signs that China’s economic growth is slowing, while a downturn in the property market is imminent as developer Evergrande Group’s debt restructuring could…

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