China cuts reserve requirements in bid to boost economy Shanghai (AFP) Feb 29, 2016 - China's central bank on Monday cut the proportion of funds banks must set aside as reserves, in Beijing's latest attempt to tackle slowing growth in the world's second largest economy. The People's Bank of China (PBoC) said in a statement it would trim the so-called "reserve requirement ratio" (RRR) for financial institutions by 0.50 percentage points, freeing up more funds for them to lend. ... more

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