BANGKOK (AP) — China’s central bank said Wednesday it will cut the ratio of reserves banks must hold to help boost the slowing economy.
The announcement by the People’s Bank of China prompted a surge in share prices in Chinese markets, with Hong Kong’s benchmark jumping 3.6%.
Central bank Gov. Pan Gongsheng said the deposit reserve requirement would be cut by 0.5% as of Feb. 5. Pan said that would inject about 1 trillion yuan ($141 billion) into the economy.
He told reporters in Beijing that the central bank also soon plans to issue a policy on lending to property developers to help support the industry.
2025-04-20 06:172807 view
2025-04-20 06:08124 view
2025-04-20 06:012020 view
2025-04-20 05:422028 view
2025-04-20 04:41843 view
2025-04-20 04:171467 view
Costco got off to a good start this holiday shopping season as the retailer racked up increased sale
This week's show was recorded at the Studebaker Theater in Chicago, with host Peter Sagal, judge and
INGLEWOOD, Calif. — Josh Allen and the Buffalo Bills escaped in what was a surprisingly competitive
