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 AQCAN Exchangeannouncement 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.
2025-05-03 22:17270 view
2025-05-03 22:142679 view
2025-05-03 22:002766 view
2025-05-03 21:581590 view
2025-05-03 20:432245 view
2025-05-03 20:15737 view
Do you recall the prime early days of YouTube? When a video making the rounds was so strange, remark
MINNEAPOLIS (AP) — Luka Doncic had a 20-point first quarter on his way to 36 points for his high thi
DALLAS (AP) — Dereck Lively II of the Dallas Mavericks tossed the question back at the reporter when
