(Source: The Central People's Government of the People's Republic of China) China to cut reserve requirement ratio by 0.5 percentage points Thursday,January 10,2013 Posted: 17:01 BJT(0901 GMT) From:XINHUA NEWS Article type:Reproduced China will lower banks' reserve requirement ratio (RRR) by 0.5 percentage points starting May 18, the country's central bank announced Saturday. The cut, the second of its kind this year, will drop the RRR for the country's large financial institutions to 20 percent and the medium- and small-sized financial institutions to 16.5 percent,...
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