Hours after US President Donald Trump tweets tariff threat China frees up US$41.5 billion for small firm loans

People’s Bank of China says reserve requirement for some rural lenders will be cut to 8 per cent from next week as part of ongoing plan to support small businesses

PBOC also pumps US$20 billion into banking system but makes no mention of US president’s Sunday night tweet

Source:
https://www.scmp.com/economy/china-economy/article/3008989/china-frees-us415-billion-loans-small-firms-donald-trump?fbclid=IwAR1qNgVQhzKHJR3O2cAcecLfl5FjqNAkbYUdKwASfbRRs1HR7SjOLvNt6Bc

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