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China s Central Bank Initiates Second RRR Cut Of The Year To Boost Economic Recovery

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China s RRR cuts to release over $68 7b in liquidity to boost economy; move in line with domestic need

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.

China issues 20 measures to boost consumption amid growing efforts to stabilize growth

Chinese authorities on Monday issued 20 measures to boost domestic consumption, including support for expanding real estate and auto sales, underscoring the country’s intensifying efforts to ensure steady economic recovery and meet annual economic development goals amid internal and external downward pressures.

Industrial upgrades fuel robust growth of Chinese provinces, injecting confidence into growth despite headwinds

All 31 provincial-level regions in the Chinese mainland have unveiled their first-half “economic report cards” as of Sunday, with eastern economic powerhouses leading the pack, driven by successful industrial upgrades and the rapid growth of new driving forces.

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