Major economic policies to boost recovery in 2020
chinadaily.com.cn |
Updated: 2020-12-22 06:40
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IX Cutting the reserve requirement ratio
The central bank has made across-the-board and targeted RRR cuts to support the development of the real economy and reduce the actual cost of social financing.
Sources: The People's Bank of China, Ministry of Finance, State Taxation Administration, Xinhua and China Daily
