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China Ratchets Up Stimulus, Cutting Reserve Ratio to Lowest Level Since 2007

  • Reserve cuts to release 900 billion yuan in liquidity
  • First takes effect on Sept. 16, then more cuts later
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China Reserve Ratio Cut Not Unexpected, Deutsche Bank's Hooper Says
Bloomberg News
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China’s central bank said it will cut the amount of cash banks must hold as reserves to the lowest level since 2007, injecting liquidity into an economy facing both a domestic slowdown and trade-war headwinds.