Stocks up size, will the rally hold?
Looks very good right now. Thank you China.
China steps on the economic accelerator
China is cutting the amount of money banks need to hold in reserve, freeing those funds to stimulate their economy.
The People's Bank of China said Wednesday it will lower its reserve requirement ratio for financial institutions by half a percentage point. It was the first such cut in the ratio since 2008, and a change in course after the ratio was raised five times this year.
