Factbox-China Rolls Out Broad Rate Cuts and Other Stimulus to Spur Weak Economy
China's central bank will cut banks' reserve requirement ratio (RRR) by 50 basis points in the near future, freeing up about 1 trillion yuan ($142.21 billion) for new lending. Depending on the market liquidity situation later this year, the RRR may be further lowered by 0.25-0.5 percentage points, Pan said.