China acts to boost loans, bolster flagging economy – Reuters
 AFP |
China acts to boost loans, bolster flagging economy
Reuters The People's Bank of China delivered a 50 basis point cut in banks' reserve requirement ratio (RRR), effective from May 18, the third cut in six months and one that investors had called for after data on Friday showed the economy weakening, … China Central Bank Cuts Reserves to Boost Economy China cuts reserves banks must maintain to spur lending and revive flagging … China Cuts Bank Reserve Ratio as Economy Slows |
