China to cut amount banks hold in reserve, to boost lending: official

China on Wednesday said it would next month cut the amount banks must hold in reserve in order to boost lending, state media reported. The decision comes as the world’s second-largest economy faces multiple headwinds, including a prolonged crisis in the property sector, sluggish domestic consumption and weakening foreign demand. “People’s Bank of China Governor […]

The post China to cut amount banks hold in reserve, to boost lending: official appeared first on Insider Paper.