Premier calls for support of real economy
By Hu Yongqi | China Daily | Updated: 2019-01-05 06:15
Reserve ratio requirement for banks to be lowered by 1 percentage point
Policy tools, including cutting the reserve ratio requirement for banks, should be used to help finance private, small and medium-sized enterprises, Premier Li Keqiang said on Friday while presiding over a meeting at the offices of the China Banking and Insurance Regulatory Commission.
Meanwhile, he said, stronger adjustments should be made in macroeconomic policies to further reduce taxes and fees.
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