China reduced reserve requirement ratio by half a percentage

China's new reserve-requirement ratio has commenced, freeing up more than $100B for its banks to lend after announcing a half a percentage point cut in the measure yesterday. The new move boosts speculation for more measures to pump up the country’s economic growth, which is expected to cool further this year. China's economy slowed to 7.4% in 2014, its lowest annual growth rate in a quarter century