Reserve requirements decreased for rural banks in China

Note: This section contains information in English only.
Source: China.org.cn
© Scanpix/AP

China's Central Bank announced the reduction in reserve requirements for rural banks. The ratio is decreased back to 16%. Each November the central bank checks the financial situation in rural banks and adjusts reserve requirements depending on the banks' ability to meet the lending target for farming businesses set by the central bank. The program is aimed at stimulating growth of the rural areas.

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