Comment on China cuts bank reserve requirement ratio to free up funding

China cuts bank reserve requirement ratio to free up funding

BEIJING (AP) — China says it will cut the amount of money most banks are required to keep on hand to free up funding for small businesses, amid a brewing trade war with the United States The central bank said the cut of 50 basis points, or half a percentage point, in the reserve requirement ratios will take effect on July 5.Read more on NewsOK.com

 

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