China cuts some banks' reserve requirements to spur growth
China's central bank said on Sunday it would cut the amount of cash that most banks must hold as reserves to lower financing costs and spur growth, amid concerns over a potential economic drag from an escalating trade dispute with the United States.
https://www.cnbc.com/2018/10/07/china-cuts-some-banks-reserve-requirements-to-spur-growth.html
China pumps $109bn into economy as trade war bites on growth
China has slashed the amount of cash some of its banks must hold in reserve as Beijing’s leadership seeks to bolster a flagging economy.
As higher US interest rates and fears of a trade war piles pressure on economies around the world, China’s central bank said on Sunday that it was cutting the reserve requirement ratios (RRRs) by 1% from 15 October to lower financing costs and spur growth in the world’s second-biggest economy.
https://www.theguardian.com/world/2018/oct/07/china-pumps-109bn-into-economy-as-trade-war-bites-on-growth
POTUS is winning again