World News

China considering more RRR cuts to lower financing costs: Premier Li

BEIJING (Reuters) – Chinese Premier Li Keqiang said on Monday the government will study taking more measures to lower financing costs for smaller companies, including broad-based and “targeted” cuts in the reserve requirement ratio (RRR), relending and rediscounting.

Li made the comments during a trip to the southwestern province of Sichuan, according to state television CCTV. He did not give details.

China’s economic growth slowed to near 30-year lows in the third quarter.

(Reporting by Beijing monitoring desk; Writing by Yawen Chen; Editing by Toby Chopra)


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