China still has room to cut the reserve-requirement ratio
09:48

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.