China’s central bank announced on Thursday that it would cut the reserve requirement ratio (RRR), the amount of cash that Chinese banks are required to hold as reserves, by 25 basis points effective Friday, sending another resounding signal that the world’s second-largest economy is moving swiftly to tackle challenges and boost the economic recovery.
Ministry holds meeting with private firms, vows to take new measures to optimize employment
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Banks boost services for private businesses
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Banks boost services for private businesses--China Economic Net
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