China regulators free up extra USD 100B for bank lending
Chinese regulators have freed up an extra USD 100 billion for bank lending in a move financial analysts said could help to reassure
Chinese regulators have freed up an extra USD 100 billion for bank lending in a move financial analysts said could help to reassure investors amid trade tensions with Washington.The reduction yesterday in reserves banks are required to hold was part of a series of such cuts economists had forecast before the dispute with President Donald Trump erupted. But they said the announcement could help to defuse fears a threatened US tariff hike might dampen Chinese economic growth.
Beijing has vowed to retaliate. Trump has threatened additional tariffs, raising to USD 450 billion the total of Chinese products that could be covered by the measures, or nearly 90 per cent of China's exports to the United States.