China cuts bank reserves to spur growth

China will cut the amount of cash banks must hold in reserve as part of efforts to support its economy, amid an escalating trade war with the US.
The move will see US$109 billion in cash injected into the financial system.
The US is fighting a trade war with China which threatens the outlook for Chinese manufacturing and exports.
It is the fourth time the country's central bank has cut its reserve requirement this year.

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