Source: China – South China Morning PostChina’s central bank announced on Friday that it will cut the reserve requirement ratio for major commercial banks by 0.5 per cent, effective from next Thursday.The decision followed Premier Li Keqiang calling for more tools to support small businesses, which are plagued by rising costs.The People’s Bank of China (PBOC), though, tried to reduce market expectation for a turnaround in overall policy.“It is just a routine operation after monetary policy normalisation, aimed to optimise the funding…Read More