Oct
01

China’s Central Bank Unveils Targeted Lending Plan to Aid Growth

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  • Reduction aims to help entrepreneurs and farmers obtain credit
  • Central bank repeats prudent, neutral monetary policy pledge

China’s central bank said it will reduce the amount of cash lenders must hold as reserves from next year, with the size of the cut linked to the flow of funding to parts of the economy where credit is scarce…

China’s Central Bank Unveils Targeted Lending Plan to Aid Growth

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Categories : Finance

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