China starts new year with $115 billion available to spur economyChristian Fernsby ▼ | January 1, 2020
China's central bank said it was cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in liquidity to shore up the slowing economy.
Ecnomy in China China central bank
Topics: China economy
Of the latest funds released, small and medium banks would receive roughly 120 billion yuan, the central bank said, stressing that it should be used to fund small, local businesses. ■