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Caixin Global
Caixin Global
Business
Qing Na

China to Cut Banks’ Reserve Requirements Amid Flagging Recovery

What’s new: China will reduce banks’ reserve requirement ratio (RRR) by 50 basis points on Feb. 5, central bank Governor Pan Gongsheng said at a news briefing on Wednesday.

The move, which Pan said will release 1 trillion yuan ($141 billion) of liquidity into the financial system, is aimed at providing additional stimulus to the economy, analysts said.

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