China's central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.
from Reuters: Money News https://ift.tt/2yiWvvV
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China slashes banks' reserve requirements as trade war imperils growth
China slashes banks' reserve requirements as trade war imperils growth
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