China Business News: First Reserve Requirement Ratio Cut Implemented in 2024
Editor: Zhu Mengyun
2024-02-05 13:03:24
The first reserve requirement ratio cut in 2024 was implemented today, providing 1 trillion yuan of long-term liquidity to the market, which will help the economy get off to a good start in the new year.
This move is aimed at protecting the real economy and implementing the first RRR cut in the new year. The injection of long-term liquidity into the market is expected to stimulate economic growth and provide support to businesses.
The announcement comes as a relief to many businesses and investors, as concerns about the economic slowdown were prevalent at the end of last year. The implementation of the RRR cut is expected to boost market confidence and provide a much-needed push for economic growth.
In other news, WeChat users can now share web pages to their circle of friends with ease. By clicking “Discover” at the bottom of the app and using the “Scan” feature, users can quickly and conveniently share content to their peers.
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