Monetary easing

China lowers reserve requirement to support stalling economy

MASAHIRO OKOSHI, Nikkei staff writer

BEIJING -- The People's Bank of China announced a 1-point cut in the reserve requirement ratio Sunday, showing a firm resolve to maintain liquidity in the market and underpin a slowing economy. The country's macrofinancial condition remains stable, PBOC Gov. Zhou Xiaochuan told the state-run Xin...