China eyes cuts in reserve requirements, other policy tools to help small firms

BEIJING (Reuters) – China will use targeted cuts in banks’ reserve requirement ratios (RRR) and other monetary policy tools to boost credit supply to small firms, state radio quoted a cabinet meeting as saying on Wednesday.

China will stick to its prudent and neutral monetary policy to keep liquidity reasonably stable, so as to keep economic growth in a reasonable range, it added.

China will strengthen policy coordination and boost market confidence, it said.

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