07 Oct RPT-UPDATE 5-China slashes banks’ reserve requirements as trade war imperils growth
China’s central bank on Sunday
announced a steep cut in the level of cash that banks must hold
as reserves, stepping up moves to lower financing costs and spur
growth amid concerns over the economic drag from an escalating
trade dispute with the United States.
announced a steep cut in the level of cash that banks must hold
as reserves, stepping up moves to lower financing costs and spur
growth amid concerns over the economic drag from an escalating
trade dispute with the United States.
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