China to cut reserve requirement ratio in near future: central bank governor

BEIJING, Sept. 24 (Xinhua) — China will cut the reserve requirement ratio by 0.5 percentage points in the near future, providing about 1 trillion yuan (about 141.78 billion U.S. dollars) in long-term liquidity to the financial market, Pan Gongsheng, governor of the People’s Bank of China, said Tuesday. ■