{"id":130603,"date":"2012-01-29T22:21:02","date_gmt":"2012-01-30T05:21:02","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=130603"},"modified":"2012-01-29T22:21:02","modified_gmt":"2012-01-30T05:21:02","slug":"china-holds-off-reserve-ratio-cut","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/","title":{"rendered":"China Holds Off Reserve Ratio Cut"},"content":{"rendered":"<p>Despite speculation about a drop in the bank reserve ratio due to high money demand for the Lunar New Year, <a href=\"http:\/\/www.bloomberg.com\/news\/2012-01-29\/china-s-decision-to-maintain-bank-reserve-ratios-taken-as-sign-of-caution.html\"><strong>China held off a reduction in the bank reserve requirement<\/strong><\/a>. Prior to this speculation, there was one cut in the reserve requirement, which was the first since 2008. Reserve ratios are used as a tool to curb inflation. This decision comes amid the property market slowdown and the weakest export growth since 2009. Bloomberg reports:<\/p>\n<blockquote><p>\u00a0\u201cThe central bank aims to ease policies prudently and pace loan growth at the beginning of the year so as to avoid a replay of the credit explosion in 2009 and 2010 and prevent inflation from rebounding,\u201d said Lu Zhengwei, a Shanghai-based economist at Industrial Bank. Lu now sees a reserve-ratio cut in February to add liquidity and spur growth after the reverse-repurchase contracts expire.<\/p>\n<p>Some analysts backed away from their reserve-ratio predictions when they saw the central bank inject 353 billion yuan ($55.7 billion) into the financial system in the week before the holiday, using the 14-day contracts. Barclays said the move had an effect similar to a cut in the bank requirements.<\/p>\n<p>Postponing a reserve ratio cut indicates monetary easing \u201cis meant to be moderate and controllable,\u201d Hong Kong-based JPMorgan economists led by Zhu Haibin wrote in a Jan. 20 report after forecasting a pre-festival move in a Jan. 17 report. A cut \u201cin the coming weeks\u201d remains likely because market liquidity will be tight when the 14-day reverse repurchase contracts mature, they said.<\/p>\n<p>The central bank is allowing the nation\u2019s five biggest lenders, including Industrial &amp; Commercial Bank of China, to increase first-quarter lending by a maximum of about 5 percent from a year earlier, two people at state lenders said previously.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Despite speculation about a drop in the bank reserve ratio due to high money demand for the Lunar New Year, China held off a reduction in the bank reserve requirement. Prior to this speculation, there was one cut in the reserve requirement, which was the first since 2008. Reserve ratios are used as a tool [&hellip;]<\/p>\n","protected":false},"author":984,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2,14745,14746],"tags":[5581,3378,7800,1094],"class_list":["post-130603","post","type-post","status-publish","format-standard","hentry","category-economy","category-level-3-article","category-level-4-article","tag-bank-reserve-ratio","tag-central-bank","tag-economic-slowdown","tag-inflation","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Holds Off Reserve Ratio Cut<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Holds Off Reserve Ratio Cut\" \/>\n<meta property=\"og:description\" content=\"Despite speculation about a drop in the bank reserve ratio due to high money demand for the Lunar New Year, China held off a reduction in the bank reserve requirement. Prior to this speculation, there was one cut in the reserve requirement, which was the first since 2008. Reserve ratios are used as a tool [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2012-01-30T05:21:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Melissa M. Chan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Melissa M. Chan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/\"},\"author\":{\"name\":\"Melissa M. Chan\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/db9821fa28e41e66826cf426a0696ea4\"},\"headline\":\"China Holds Off Reserve Ratio Cut\",\"datePublished\":\"2012-01-30T05:21:02+00:00\",\"dateModified\":\"2012-01-30T05:21:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/\"},\"wordCount\":288,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"bank reserve ratio\",\"central bank\",\"economic slowdown\",\"inflation\"],\"articleSection\":[\"Economy\",\"Level 3 Article\",\"Level 4 Article\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/\",\"url\":\"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/\",\"name\":\"China Holds Off Reserve Ratio Cut\",\"isPartOf\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\"},\"datePublished\":\"2012-01-30T05:21:02+00:00\",\"dateModified\":\"2012-01-30T05:21:02+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chinadigitaltimes.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China Holds Off Reserve Ratio Cut\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"name\":\"China Digital Times (CDT)\",\"description\":\"Covering China from Cyberspace\",\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/chinadigitaltimes.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\",\"name\":\"China Digital Times\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"contentUrl\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"width\":186,\"height\":177,\"caption\":\"China Digital Times\"},\"image\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ChinaDigitalTimes\",\"https:\/\/x.com\/cdt\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/db9821fa28e41e66826cf426a0696ea4\",\"name\":\"Melissa M. Chan\",\"description\":\"Melissa Chan is currently a graduate student in the department of East Asian Languages and Cultural Studies at the University of California, Santa Barbara. She graduated from the University of California, Irvine with a degree in English in 2009. Her current research interests are diasporic Chinese populations, film, and translation.\",\"url\":\"https:\/\/chinadigitaltimes.net\/author\/melissa-chan\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"China Holds Off Reserve Ratio Cut","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/","og_locale":"en_US","og_type":"article","og_title":"China Holds Off Reserve Ratio Cut","og_description":"Despite speculation about a drop in the bank reserve ratio due to high money demand for the Lunar New Year, China held off a reduction in the bank reserve requirement. Prior to this speculation, there was one cut in the reserve requirement, which was the first since 2008. Reserve ratios are used as a tool [&hellip;]","og_url":"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/","og_site_name":"China Digital Times (CDT)","article_publisher":"https:\/\/www.facebook.com\/ChinaDigitalTimes","article_published_time":"2012-01-30T05:21:02+00:00","og_image":[{"width":186,"height":177,"url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png","type":"image\/png"}],"author":"Melissa M. Chan","twitter_card":"summary_large_image","twitter_creator":"@cdt","twitter_site":"@cdt","twitter_misc":{"Written by":"Melissa M. Chan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/#article","isPartOf":{"@id":"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/"},"author":{"name":"Melissa M. Chan","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/db9821fa28e41e66826cf426a0696ea4"},"headline":"China Holds Off Reserve Ratio Cut","datePublished":"2012-01-30T05:21:02+00:00","dateModified":"2012-01-30T05:21:02+00:00","mainEntityOfPage":{"@id":"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/"},"wordCount":288,"publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"keywords":["bank reserve ratio","central bank","economic slowdown","inflation"],"articleSection":["Economy","Level 3 Article","Level 4 Article"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/","url":"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/","name":"China Holds Off Reserve Ratio Cut","isPartOf":{"@id":"https:\/\/chinadigitaltimes.net\/#website"},"datePublished":"2012-01-30T05:21:02+00:00","dateModified":"2012-01-30T05:21:02+00:00","breadcrumb":{"@id":"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/chinadigitaltimes.net\/2012\/01\/china-holds-off-reserve-ratio-cut\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chinadigitaltimes.net\/"},{"@type":"ListItem","position":2,"name":"China Holds Off Reserve Ratio Cut"}]},{"@type":"WebSite","@id":"https:\/\/chinadigitaltimes.net\/#website","url":"https:\/\/chinadigitaltimes.net\/","name":"China Digital Times (CDT)","description":"Covering China from Cyberspace","publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chinadigitaltimes.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chinadigitaltimes.net\/#organization","name":"China Digital Times","url":"https:\/\/chinadigitaltimes.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/","url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","contentUrl":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","width":186,"height":177,"caption":"China Digital Times"},"image":{"@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ChinaDigitalTimes","https:\/\/x.com\/cdt"]},{"@type":"Person","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/db9821fa28e41e66826cf426a0696ea4","name":"Melissa M. Chan","description":"Melissa Chan is currently a graduate student in the department of East Asian Languages and Cultural Studies at the University of California, Santa Barbara. She graduated from the University of California, Irvine with a degree in English in 2009. Her current research interests are diasporic Chinese populations, film, and translation.","url":"https:\/\/chinadigitaltimes.net\/author\/melissa-chan\/"}]}},"_links":{"self":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/130603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/users\/984"}],"replies":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/comments?post=130603"}],"version-history":[{"count":0,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/130603\/revisions"}],"wp:attachment":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/media?parent=130603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/categories?post=130603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/tags?post=130603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}