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  • Beijing Review

    Cash Injection Boosts The Real Economy

    Jul 22, 2021 4 minutes
    By Le An

    The cash amount that should be reserved for Chinese financial institutions, or the reserve requirement ratio (RRR), was lowered by 50 basis points starting July 15, excluding those that have already held the ratio at a low level of 5 percent. The measure, part of the financial sector’s efforts to support the real economy, would release about 1 trillion yuan ($154.24 billion) in long-term liquidity, the People’s Bank of China (PBC), the central bank, said.

    After the reduction, the weighted average RRR for financial institutions stands at 8.9 percent.

    China’s economic growth has maintained stable momentum despite the COVID-19 epidemic,

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