China lowers cash reserve threshold on banks to combat effects of trade war

The Chinese economy is feeling the effects of its trade war with the United States. As a result, banks in China have been permitted to lower the amount of cash they keep in reserve in order to fuel lending and economic growth in that country. The yuan (China’s currency) had also suffered serious losses in 2018, however the Chinese government began intervening in the past few months to help prop up the yuan.

Lee County resident since 2012. Owner of restaurant delivery service Florida Food Runner.

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