China acts to crank up credit as lending, economy slow – Reuters

Al-Arabiya
China acts to crank up credit as lending, economy slow
Reuters
By Jason Subler and Kevin Yao | SHANGHAI/BEIJING (Reuters) – China's central bank cut the amount of cash banks must hold in reserves on Saturday, boosting lending capacity by an estimated 350-400 billion yuan ($55.6-$63.5 billion) in a bid to crank up …
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