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

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(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 . . .

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