- China to use RRR cuts to help reduce funding costs for small firms - Premier Li
Market news
2 July 2019
China to use RRR cuts to help reduce funding costs for small firms - Premier Li
China will make cuts in banks' reserve requirement ratios and seek to lower real interest rates to help reduce funding costs for small firms, Premier Li Keqiang said.
China's economy is facing new downward pressure, Li said.
But China will keep monetary policy prudent, and there will be no "flood-like" stimulus, Li said.
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