China's central bank is to cut its bank reserve requirement ratio by one percentage point Because
China's economy grew by 7% in the first quarter of the year, a large figure by Western standards, but the lowest for the country since the financial crisis of 2009. Last year its growth slowed to its weakest in 24 years, expanding 7.4% in 2014 from 7.7% in 2013.It meant growth in the nation's economy missed its official annual growth target of 7.5% for the first time in 15 years.So they do the cut will release 1.2 trillion yuan ($194bn; £130bn) into the world's second-largest economy.