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Premier Li Keqiang sends stronger signal for policy easing

Premier Li Keqiang visited the nation’s biggest banks on Friday and pledged more support for the economy.

Li met staff at Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., and Bank of China Ltd. offices in Beijing, according to a government statement.

He said China will strengthen the scale of its counter-cyclical adjustments of macro policies and further cut taxes and urged banks to take full advantage of tools including reserve ratio cuts, and to support private and small businesses’ financing needs, the government said.

The visit was policy makers’ latest effort to spur decelerating . . .

 

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