China’s central bank cuts bank reserve rates, pledges other moves to help the economy --[Reported by Umva mag]

BEIJING — The Chinese central bank announced Tuesday a slew of measures aimed at reviving the sluggish economy, mainly by tackling a downturn in the property sector. People’s Bank of China Gov. Pan Gongsheng said the reserve requirement for banks would be cut by 0.5 percentage points and that the central bank would follow up […]

Sep 24, 2024 - 02:58
China’s central bank cuts bank reserve rates, pledges other moves to help the economy --[Reported by Umva mag]
BEIJING -- The Chinese central bank announced Tuesday a slew of measures aimed at reviving the sluggish economy, mainly by tackling a downturn in the property sector. Read More




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