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Aggregated China Business Blogs
China Cuts Bank Reserve Requirement Ratio Amid Capital Outflows
Aggregated Source: China Money Network
China‚Äôs central bank announced this evening that it will cut the reserve requirement ratio (RRR) by 50 basis points, effective tomorrow on 1 March 2016. The RRR cut came amid the recent capital outflow and soft economy, and will immediately inject about RMB650 billion (US$99 billion)into the banking system, alleviating the liquidity drain, says a […]

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