The People's Bank of China says the economy is still facing downward pressure. Meanwhile, the global financial market has shown major fluctuations recently. Therefore, the central bank has concluded that it's necessary to apply flexible monetary poli...
China's central bank is to cut its bank reserve requirement ratio by one percentage point. 中国央行将把银行存款准备金率下调一个百分点（简称降准）。 The People's Bank of China said that the new reserve requirement would tak...
