China Reserve-Ratio Cut Signals Growth Is Priority Over Yuan

  • Measure drops to 17% for biggest banks; still high globally
  • Move comes days before leaders unveil 2016 expansion goal

Is China's Reserve-Ratio Cut a Game Changer?

China’s latest easing move signals that shoring up growth is the government’s top priority even if doing so further weakens the yuan or adds to leverage that threatens the longer-term health of the world’s second-biggest economy.

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