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Central bank eases liquidity pressure

By Chen Jia | chinadaily.com.cn | Updated: 2018-04-25 09:51

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China's central bank today cut cash reserve requirements for financial institutions by 1 percentage point to free 1.3 trillion yuan, easing liquidity pressures.

The move announced on April 17 aims to create a sound environment for high-quality growth and supply-side reform, according to the People's Bank of China website.

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