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Major economic policies to boost recovery in 2020

Updated: Dec 22, 2020 Print
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IX Cutting the reserve requirement ratio

The People's Bank of China, the country's central bank, is seen in this file photo. [Photo/Agencies]

The central bank has made across-the-board and targeted RRR cuts to support the development of the real economy and reduce the actual cost of social financing.

Sources: The People's Bank of China, Ministry of Finance, State Taxation Administration, Xinhua and China Daily

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