China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy, cutting the amount of cash banks must hold in reserve and lowering a key interest rate. On Tuesday, central bank chief Pan Gongsheng told a news conference in Beijing that it would cut a slew of rates in a bid to boost growth.

China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy, cutting the amount of cash banks must hold in reserve and lowering a key interest rate. On Tuesday, central bank chief Pan Gongsheng told a news conference in Beijing that it would cut a slew of rates in a bid to boost growth.

The central bank reduces cash reserve requirements and lowers a key interest rate

BEIJING: China on Tuesday (Sep 24) unveiled some of its boldest measures in years aimed at boosting its struggling economy as leaders grapple with a prolonged property sector debt crisis, continued deflationary pressure and high youth unemployment. The world's second-largest economy has yet to achieve a hi

China's central bank chief says that the bank will cut a slew of rates in a bid to boost growth.

Given weak credit demand from businesses and consumers, more fiscal stimulus may be needed to complement the moves announced by the People's Bank of China