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IPFS News Link • China

China Signals Concern Over Growth With Bank Move

• BY ESTHER FUNG AND AARON BACK
 

BEIJING—China's central bank said Saturday it will cut banks' reserve requirement ratio by 0.5 percentage point, effective Feb. 24, in a move to help boost liquidity and support the economy.

The move signals that Chinese authorities remain more concerned about risks to growth than price pressures, despite an unexpected acceleration in inflation last month.