{"id":12594,"date":"2020-01-02T02:05:44","date_gmt":"2020-01-01T17:05:44","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2020\/jan\/01\/money-pumped-into-china-economy-in-attempt-to-fight-slowdown"},"modified":"2020-01-02T02:05:44","modified_gmt":"2020-01-01T17:05:44","slug":"money-pumped-into-chinas-economy-in-attempt-to-fight-slowdown","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=12594","title":{"rendered":"Money pumped into China&#8217;s economy in attempt to fight slowdown"},"content":{"rendered":"<p>People\u2019s Bank of China allows commercial banks to hold less capital in reserve<\/p>\n<p>China\u2019s central bank has acted to pump more liquidity into the country\u2019s economy in an attempt to prevent growth slowing in 2020.<\/p>\n<p>The People\u2019s Bank of China is allowing commercial banks to hold less capital in reserve, freeing up about 800bn yuan (\u00a387bn) in new funds for loans. It will cut China\u2019s banks\u2019 reserve requirement ratio (RRR) by 50 basis points, to 12.5%, from 6 January.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2020\/jan\/01\/money-pumped-into-china-economy-in-attempt-to-fight-slowdown\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>People\u2019s Bank of China allows commercial banks to hold less capital in reserveChina\u2019s central bank has acted to pump more liquidity into the country\u2019s economy in an attempt to prevent growth slowing in 2020.The People\u2019s Bank of China is allowing commer&#8230;<\/p>\n","protected":false},"author":548,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,6,50,437],"tags":[],"class_list":["post-12594","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business","category-china","category-economics"],"aioseo_notices":[],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/12594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/548"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12594"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/12594\/revisions"}],"predecessor-version":[{"id":12595,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/12594\/revisions\/12595"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}