Central bank reduces reserve requirements to try to stop the country's slowdown.
On Friday, China's central bank reported that it will additionally release about 250 billion yuan (US$ 37 billion or R$ 139 billion) in changes that involve a reduction in the proportion of money that banks must keep as reserves.
On January 4, the central bank had already announced a cut in reserve requirements for this year. The investment is releasing about 800 billion yuan in the economy (US$ 118 billion or R$ 446 billion), as the People's Bank of China tries to lower the risk of a strong economic slowdown in the country.
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