Amid growing global uncertainties and ongoing domestic challenges, China is moving forward with strategic adjustments to its financial and fiscal systems, shifting focus from short-term stimulus to long-term economic sustainability. While the market continues to speculate on the size of potential economic stimuli, Chinese policymakers are quietly reshuffling their approach, aiming to curb risks and...
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People’s Bank of China Signals Further Reserve Requirement Ratio Cuts to Boost Economic Recovery
The People’s Bank of China (PBC), the country’s central bank, announced on Thursday that there remains room to reduce the reserve requirement ratio (RRR) for banks and pledged to continue its supportive monetary policies aimed at bolstering the economy. This move underscores the PBC’s commitment to fostering a favorable monetary environment to boost market confidence...