PBOC Boosts Stimulus to Support Covid-Hit Economy

Pboc boosts stimulus to support covid-hit economy

Bloomberg Markets and Finance published this video item, entitled “PBOC Boosts Stimulus to Support Covid-Hit Economy” – below is their description.

China’s central bank reduced the reserve requirement ratio for most banks by 25 basis points in a move that will inject 500 billion yuan ($70 billion) of liquidity into the economy racked by surging Covid cases and a continued property downturn. Tom Mackenzie reports on Bloomberg Television.

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