Economy
China to cut reserve requirement ratio in near future: central bank governor
Updated: Sep 24, 2024
Xinhua
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BEIJING -- China will cut the reserve requirement ratio by 0.5 percentage points in the near future, providing about 1 trillion yuan (about $141.78 billion) in long-term liquidity to the financial market, Pan Gongsheng, governor of the People's Bank of China, said Tuesday.
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