China Relaxes Bank Reserve Rules

[Marina Schwarz + 1,576]

China's c-bank is reducing the minimum size of reserves commercial banks are obliged to hold. It's not by a lot, just 1 pp, but apparently meaningful. Meanwhile, the US trade deficit with China hit an all-time high in August, I hear. How did this happen?

[John Foote + 1,135]

We must be tired of all the winning.