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Thread: China Raises Requirement Ratio
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[quote=DREAMLIFE,250121]China's official news agency Xinhua Agency says China will raise the reserve requirement ratio by half a percentage point to 13 percent for commercial banks from October 25, the People's Bank of China (PBOC) announced on Saturday. This is the eighth such move this year and only one month after the seventh hike of half a percentage point on September 25. The move is aimed at "strengthening liquidity management in the banking system and checking excessive credit growth", the central bank said in a statement. After the eighth rise, the reserve requirement ratio has reached a ten-year high. Does it sound a piece of good news for average Chinese? Who are the real beneficiaries of this move? What are your opinions? [/quote]
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