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PBOC moves to expand coverage of targeted reserve cuts to boost economy

(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 . . .

 

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