BEIJING -- Chinese financial authorities have opened the monetary spigot sooner than expected in a preemptive attempt to underpin an economy making a tenuous recovery from zero-COVID policies.
Authorities signal concerns over financial headwinds from the West
China's central bank will cut financial institutions' reserve requirement ratio for the first time since December. © Reuters
BEIJING -- Chinese financial authorities have opened the monetary spigot sooner than expected in a preemptive attempt to underpin an economy making a tenuous recovery from zero-COVID policies.