Xinhua Headlines: China leverages stimulus measures to steer economy
BEIJING, Sept. 27 (Xinhua) -- China's central bank on Friday cut the reserve requirement ratio (RRR) for financial institutions by 0.5 percentage points and lowered the seven-day reverse repo interest rate by 20 basis points, enhancing policy support to solidify economic operations.
From Friday, the weighted average RRR for lenders will be approximately 6.6 percent, but those that have already implemented a 5 pe