China's Premier Li: ready to take all necessary measures to support the economy

4 Jan 2019 09:08 AM

Chinese Premier Li indicated that the government is ready to take all necessary measures, including reducing the reserve requirements of banks. His most prominent statements were as follows:

  • More taxes and fees will be reduced to support the financing of private and smaller companies
  • China will escalate adverse adjustments to macroeconomic policy cycles
  • China will reduce and target RRR

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