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Monday, April 20, 2015
Central Bank Lowers RRR to Deal with Pressure of Economic Slowdown
ANBOUND

China's central bank announced that China would lower the reserve requirement ratio (RRR) by one percentage point since April 20th. ANBOUND think tank scholars believe that with a series of unexpected policies, China’s economy is expected to become steady in the first quarter and gradually increase in the second quarter. The growth target of "around 7%" will surely be achieved this year. However, the fact that China is under such pressure in the first quarter and is forced to take more policy measures clearly shows the economic problems that China is facing. More policies to steady growth should be introduced to avoid systemic risks.

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