China central bank says bank reserve ratios should be cut, fuels easing talk
Updated : June 20, 2018 07:10 AM IST
Fears of a full-blown trade war with Washington have magnified concerns about the outlook for the world's second-largest economy, following weaker-than-expected growth data for May and as a regulatory crackdown in its third year starts to weigh on business activity.
The People's Bank of China surprised markets earlier in the day by lending 200 billion yuan ($31 billion) to financial institutions via its medium-term lending facility (MLF), highlighting concerns over liquidity and a potential drag on trade
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