China cuts the main interest rate to 1.4%

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China, its criteria will reduce interest rate and maintenance, reserves of cash banks, they need to offer support for the economy in front of the United States and trade war.

Chinese banks will reduce the ratio of reserve demand by 0.5 percentage points and cut several main interest rates to release Liquidity to the banking system for the banking system RMB1TN (138 billion 138 billion 138 billion 138 billion 138 billion).

Speaking at a press conference on Wednesday, along with the officials of other two financial regulators, the Central Bank increased the seven-day repo rate of 0.1 percent to 1.4 percent and reduces other interest rates for financing loans.

Beijing has begun to hit the country’s extensive production sector, many export orders and the Furlough workers have been launched and launched by the factories that have started reducing production and reduced production.

He said they had the first trade talks in Beijing and Washington, because US President Donald Trump has launched a trade war against China, because both sides are looking for a decline to reduce punishment tariffs.

Trade War, China, Peki has been solving a weak domestic demand forcing the consistent waves of monetary policy since last year.

Pan, the latest events are the latest measures due to the reason for the reason for the reason for the “global economy, economic division and trade tensions and global supply tensions, global industrial supply tensions.

The average weight per capita will fall at 6.6 percent throughout the sector, cutting the ratio of banks.

PBOC, as well as financial leasing and transportation rates for financial companies, will increase capital from 5 percent to zero, and improve the capacity to improve the capabilities.

The cost of borrowing from a program led by the government for housing procurement has noted 0.25 percent, 2.6 percent, to support “supporting the harsh housing needs and stabilize the property market.”

Li Yunze, Director of the National Financial Regulatory Department, the guards of the financial sector, said that it will take new measures to support China’s exporters and expand its markets, he said.

He added that China will open a new financing mechanism to support the patient’s real estate and expand the pilot program, which allows you to run from insurance companies to the stock exchange.

“We will use the benefits of insurance funds as patient, long-term capital and we will allow the market to enter and stabilize the market with great power,” he said.

Hong Kong’s suspension Seng index, 2.2 percent, Mainland China CSI 300 index increased by 0.7 percent. Free-trade sea renminbi, 0.1 percent weakened to RMB7.21 to a dollar.

Additional report in Beijing by Wenjie Ding