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People's Daily Online>>China Business

People's Bank of China cuts banks' reserve requirement ratio

(Xinhua)

15:50, December 05, 2011

A bank staff carries cash in Suining, southwest China's Sichuan Province, Dec. 5, 2011. The People's Bank of China, the country's central bank, on Monday cut banks' reserve requirement ratio (RRR) by 0.5 percentage points, for the first time in 35 months, an act taken to replenish liquidity in China's banking system as inflation eases. (Xinhua/Zhong Min)
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