China kicks off policy stimulus as trade war bites
William McInnesReporter
China has stepped up efforts to buttress its economy amid its trade war against the US, freeing up liquidity in the banking system in order to boost domestic investment.
The People's Bank of China cut its reserve requirement for all banks by 0.5 percentage points on Friday, with some urban banks receiving a full percentage point cut.
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William McInnes covers markets from Sydney including editing the Markets Live blog. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au
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