Tag Archives: Deng Xiaoping

China’s long-term problems are forcing it to rethink the whole economy

Stuck in first gear. Yannes Kiefer/Unsplash Kent Matthews, Cardiff University The People’s Bank of China is encouraging Chinese banks to lend more to businesses and consumers by cutting the proportion of deposits that they have to hold as reserves by 0.5 percentage points to an average of 8.4% from December 15. It follows a similar cut in July, and is …

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