Trade war: China pumps $109 billion into economy

Beijing: China's central bank said on Sunday that it was cutting the reserve requirement ratios (RRRs) by one per cent from October 15 which will inject a net USD 109.2 billion in cash into the banking system, amid a deepening trade war with the US that has increased pressure on growth in the world's second-largest economy.

from EenaduIndia | Business https://ift.tt/2pHg90u