China’s central bank has revealed extensive plans to direct funds into specific sectors that are crucial for boosting the struggling economy. This announcement comes after the unusual move of cutting the reserve requirement ratio (RRR) in advance, which surprised investors and provided a much-needed lift to the markets. Economists anticipate that the central bank will continue to guide credit into targeted areas and implement a few reductions in the reserve requirements for banks, as well as making slight adjustments to policy rates.
China Suggests More Focused Stimulus on the Way
