China to boost liquidity
- Published: 12 May 2012 at 21.48
- Online news:
China said on Saturday it would cut reserve requirements for banks, after disappointing economic data raised fears of a sharp slowdown in the world's second largest economy.
A clerk counting stacks of 100 yuan notes at a bank in Huaibei, east China's Anhui province, July 2011. China said on Saturday it would cut reserve requirements for banks, after disappointing economic data raised fears of a sharp slowdown in the world's second largest economy.
The People's Bank of China, the central bank, said it would cut banks' reserve requirements by 0.50 percentage points effective from May 18, according to a statement posted on its website.
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