(The article has 700 words)
The People’s Bank of China said it’ll lower the threshold for companies to be qualified for banks targeted reserve-requirement ratio (RRR) cuts, a move aimed at boosting the impact of a previous easing step as the world's second largest economy is seeing worsening slowdown amid trade tensions with the United States.
Loans to small- and micro-sized enterprises with a credit line of less than 10 million yuan will qualify for RRR cuts, up from the previous standard of 5 million yuan, according to a . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from readers like you.
What you'll get:
- High-quality & in-depth reporting on the most important topics about China's economy and financial markets
- Daily Brief newsletter to give you a full picture of what's happening in China every weekday
- Exclusive interviews with China experts
- Conference calls and events
We are not content with general information that you can get everywhere. We go deeper to get details, data and perspectives you won't read elsewhere!
Already have an account? Sign In