lørdag 5. januar 2019

China Pours $218 Billion Into the Economy as Growth Slows

With the Chinese economy beginning the new year on a decidedly downbeat note, Beijing’s leaders are injecting more than $200 billion into its financial system to ease lending. 

The People’s Bank of China on Friday said it would cut the amount of cash that banks must hold as reserves by one percentage point. The move will essentially free up 1.5 trillion Chinese renminbi, or about $218 billion, for an economy experiencing weaker factory output and consumer confidence while it weathers a trade war with the United States.