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Default danger: New RRR cut could leave creditors unwilling to pay debts

China's decision to reduce bank reserve requirements, the third such move this year, surprised no one. But the timing and nature of the latest cut are clearly linked to the risk of a trade war.
Default danger: New RRR cut could leave creditors unwilling to pay debts

The People's Bank of China (PBoC) announced on Sunday it would cut the amount of cash some banks have to hold as reserves by 50 basis points.

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