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PBOC cut banks’ reserve requirement for the 4th time in 2018

China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserve to lower financing costs and spur growth in the world's second-biggest economy.

The reserve cut, the fourth by the People's Bank of China (PBOC) this year, came after Beijing pledged to expedite plans to invest billions of dollars in infrastructure projects as the economy shows signs of cooling further, with investment growth slowing to a record low.

 

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