China still has room to cut the reserve-requirement ratio

Since the 2008 financial crisis, the required deposit reserve ratio of developed countries has been relatively low, but the excess deposit reserve ratio is relatively high. For developing countries, a certain level of required deposit reserve ratio is still appropriate. China still has some room to cut the reserve-requirement ratio, but not as much as a couple of years before, Yi Gang, the governor of the People's Bank of China, said at a press conference in Beijing on Sunday.