China Acts to Boost Loans, Bolster Flagging Economy

SHANGHAI (Reuters) - China's central bank cut the amount of cash that banks must hold as reserves on Saturday, freeing an estimated 400 billion yuan ($63.5 billion) for lending to head-off the risk of a sudden slowdown in the world's second-largest economy.

China's central bank cut the amount of cash that banks must hold as reserves on Saturday, freeing an estimated 400 billion yuan for lending to head-off the risk of a sudden slowdown in the world's second-largest ...

Reuters - China's central bank cut the amount of cash banks must hold in reserves on Saturday, boosting lending capacity by an estimated 350-400 billion yuan ($55.6-$63.5 billion) in a bid to crank up credit creation as the world's second-biggest economy faces a fifth successive quarter of slowing growth.

Beijing (AFP) - China's central bank on Friday unexpectedly cut benchmark interest rates for the first time in more than two years, as authorities seek to prop up flagging growth in the world's second-largest economy.

By Kevin Yao BEIJING (Reuters) - China

(Reuters) - China's central bank cut the amount of cash that banks must hold as reserves on Wednesday, the first industry-wide cut in more than 2-1/2 years, as it increased efforts to shore up flagging growth in the world's second-largest economy.

BEIJING (Reuters) - China's central bank cut the amount of cash that banks must hold as reserves on Wednesday, the first industry-wide cut in more than 2-1/2 years, as it increased efforts to shore up flagging growth in the world's second-largest economy.

China's central bank cut the amount of cash that banks must hold as reserves on Saturday, in another attempt to head off a sharper slowdown in the world's second-largest economy.