Feb
29
China Moves to Bolster Lending by Easing Banks’ Reserve Ratio
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China is grappling with persistent capital outflows amid expectations that the renminbi could weaken further.CreditRolex Dela Pena/European Pressphoto Agency
HONG KONG — China said Monday evening that it would free up banks in the country to lend more, as the government tries to shore up slowing economic growth.
The country’s top financial policy makers are trying to reassure the rest of the world that their management of the economy remains on track, and that they still have many tools at their disposal to avoid an even sharper slowdown in growth. China is also grappling with persistent capital outflows because of expectations that the currency, the renminbi, could weaken further…
China Moves to Bolster Lending by Easing Banks’ Reserve Ratio
