Premier calls for support of real economy

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.