Cash Injection Boosts The Real Economy

The cash amount that should be reserved for Chinese financial institutions,or the reserve requirement ratio (RRR), was lowered by 50 basis points starting July 15, excluding those that have already held the ratio at a low level of 5 percent. The measure, part of the financial sector's efforts to support the real economy,would release about 1 trillion yuan ($154.24 billion) in long-term liquidity, the People's Bank of China (PBC), the central bank, said.