Economics
China Widens Economic Policy Blitz With Cash Injection Move
- Premier signals further reserve-ratio cuts on the way
- Tariff cuts, private sector support measures announced
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The Chinese government is trying to set the economy up for a stronger start to 2020, with a multi-pronged policy push ranging from easier monetary settings to freer trade.
The latest pledge came late Monday, when Premier Li Keqiang signaled that further cuts in the amount of cash that banks have to park as reserves will be forthcoming. In theory, that will free up funds to lend to private-sector companies that have struggled to access loans this year.