China has reduced the reserve requirement ratio for banks, releasing $142.6 billion into the financial market to boost its economy. This follows a Politburo meeting where officials acknowledged economic challenges. Measures include rate cuts and policies to encourage home purchases, aiming for a five percent growth target this year.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.