PBOC Sets Policy Pace for 2020 With Reserve Cut to Aid Credit
A woman stands in front of signage at the lobby of the People’s Bank of China (PBOC) headquarters in Beijing, China. (Photographer: Qilai Shen/Bloomberg)

PBOC Sets Policy Pace for 2020 With Reserve Cut to Aid Credit

(Bloomberg) -- China’s central bank trimmed the amount of cash that lenders must hold in reserve, and signaled continued action in 2020 to reduce borrowing costs for companies.
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