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China's economy shifts to second gear
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The new year brought new liquidity into the Chinese market. Last Friday, China's central bank announced a cut in the reserve requirement ratio of banks by one percent. This means banks will have more cash to give out as loans. The cut is expected to release around 1.5 trillion yuan into the economy, which is aimed at helping small and medium-sized companies as the Chinese economy gears up for a soft landing.
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