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China unleashes the banks


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China injected its economy with the monetary policy equivalent of HGH, cutting the "reserve ratio" for some banks (aka the amount of cash required to stash in their rainy day fund). The move frees up about $108 billion to help restructure corporate debt and provide credit to small businesses. 

The backdrop: 

  • You may have heard China and the U.S. aren't on the best terms, economically speaking. Well, China is hoping to prime its (already slowing) economy so it'll be in the best position to weather any turbulence from the trade war.
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