The Chinese central bank also cut the ratio of Chinese currency that it expects its banks to hold. China hopes that looser monetary policy, in the shape of cheaper money, will help it hit its growth target of 7% for 2015.
The Chinese central bank also cut the ratio of Chinese currency that it expects its banks to hold.China hopes that looser monetary policy, in the shape of cheaper money, will help it hit its growth target of 7% for 2015.