China Briefing News

China Cuts Bank Reserve Requirement – First Time in 3 Years

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Dec. 1 – The People’s Bank of China (PBC) will lower the reserve requirement ratio (RRR) at China’s financial institutions by 0.5 percent starting on December 5, a move that marks the first RRR cut in three years. The 0.5 percent drop will bring the RRR at large-scale financial institutions to the level of 21 […]

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