"PBOC Governor Pan Implements Reserve Ratio Cut to Boost China's Growth Amid Deteriorating Sentiment"
China has reduced the amount of cash that banks must hold in reserve, a move aimed at boosting economic growth as sentiment in the country sours. The cut in the bank reserve ratio is expected to release around 1.2 trillion yuan ($188 billion) in long-term liquidity into the economy. This decision comes as China faces challenges such as a property market slowdown and power shortages, prompting the government to take steps to support the economy.