China Business Digest: Central Bank Cuts Reserve Requirements for Regional Lenders

Caixin Global | Apr 3, 2020 at 9:59 PM
  • Starting this week, Caixin Global will run a daily news digest to give readers a quick rundown of the top China business and finance stories, plus whatever is driving markets for the day.
  • China’s central bank cuts reserve requirements for regional banks to help businesses tide over the coronavirus outbreak.
  • The Caixin China services PMI for March rebounded from a record low, but remained in contractionary territory.