From Reuters:<\/p>\n
China’s central bank on Saturday raised the proportion of deposits that banks must hold in reserve for the eighth time this year, extending a campaign to prevent the world’s fourth-largest economy from overheating.<\/p>\n
The half-point increase in the reserve requirement ratio, which will take effect on Oct. 25, brings the ratio for big banks to 13 percent — matching the record rate that was in effect from September 1988 to March 1998.<\/p>\n
The People’s Bank of China (PBOC) said<\/a> that the move, which comes a day after data that showed an unexpectedly strong expansion in money supply and lending, was meant to “strengthen management over liquidity in the banking system and prevent money supply and credit from growing too quickly”. [Full Text] <\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
From Reuters: China’s central bank on Saturday raised the proportion of deposits that banks must hold in reserve for the eighth time this year, extending a campaign to prevent the world’s fourth-largest economy from overheating. The half-point increase in the reserve requirement ratio, which will take effect on Oct. 25, brings the ratio for big […]<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"closed","ping_status":"closed","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],"tags":[3282,3549,3280],"class_list":["post-15115","post","type-post","status-publish","format-standard","hentry","category-economy","tag-monetary-policy","tag-overheating","tag-pboc","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"\n
China Soaks Up Banks' Cash Again To Cool Economy - Jason Subler and Jerry Hua<\/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\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Soaks Up Banks' Cash Again To Cool Economy - Jason Subler and Jerry Hua\" \/>\n<meta property=\"og:description\" content=\"From Reuters: China’s central bank on Saturday raised the proportion of deposits that banks must hold in reserve for the eighth time this year, extending a campaign to prevent the world’s fourth-largest economy from overheating. The half-point increase in the reserve requirement ratio, which will take effect on Oct. 25, brings the ratio for big […]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/\" \/>\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=\"2007-10-13T23:22:58+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=\"Liu Yong\" \/>\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=\"Liu Yong\" \/>\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\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/\"},\"author\":{\"name\":\"Liu Yong\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/bde859fa557a468c7a4b1a9d9db2b46c\"},\"headline\":\"China Soaks Up Banks’ Cash Again To Cool Economy – Jason Subler and Jerry Hua\",\"datePublished\":\"2007-10-13T23:22:58+00:00\",\"dateModified\":\"2007-10-13T23:22:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/\"},\"wordCount\":135,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"monetary policy\",\"overheating\",\"PBOC\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/\",\"url\":\"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/\",\"name\":\"China Soaks Up Banks' Cash Again To Cool Economy - Jason Subler and Jerry Hua\",\"isPartOf\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\"},\"datePublished\":\"2007-10-13T23:22:58+00:00\",\"dateModified\":\"2007-10-13T23:22:58+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chinadigitaltimes.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China Soaks Up Banks’ Cash Again To Cool Economy – Jason Subler and Jerry Hua\"}]},{\"@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\/bde859fa557a468c7a4b1a9d9db2b46c\",\"name\":\"Liu Yong\",\"url\":\"https:\/\/chinadigitaltimes.net\/author\/liu-yong\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"China Soaks Up Banks' Cash Again To Cool Economy - Jason Subler and Jerry Hua","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\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/","og_locale":"en_US","og_type":"article","og_title":"China Soaks Up Banks' Cash Again To Cool Economy - Jason Subler and Jerry Hua","og_description":"From Reuters: China’s central bank on Saturday raised the proportion of deposits that banks must hold in reserve for the eighth time this year, extending a campaign to prevent the world’s fourth-largest economy from overheating. The half-point increase in the reserve requirement ratio, which will take effect on Oct. 25, brings the ratio for big […]","og_url":"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/","og_site_name":"China Digital Times (CDT)","article_publisher":"https:\/\/www.facebook.com\/ChinaDigitalTimes","article_published_time":"2007-10-13T23:22:58+00:00","og_image":[{"width":186,"height":177,"url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png","type":"image\/png"}],"author":"Liu Yong","twitter_card":"summary_large_image","twitter_creator":"@cdt","twitter_site":"@cdt","twitter_misc":{"Written by":"Liu Yong","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/#article","isPartOf":{"@id":"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/"},"author":{"name":"Liu Yong","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/bde859fa557a468c7a4b1a9d9db2b46c"},"headline":"China Soaks Up Banks’ Cash Again To Cool Economy – Jason Subler and Jerry Hua","datePublished":"2007-10-13T23:22:58+00:00","dateModified":"2007-10-13T23:22:58+00:00","mainEntityOfPage":{"@id":"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/"},"wordCount":135,"publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"keywords":["monetary policy","overheating","PBOC"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/","url":"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/","name":"China Soaks Up Banks' Cash Again To Cool Economy - Jason Subler and Jerry Hua","isPartOf":{"@id":"https:\/\/chinadigitaltimes.net\/#website"},"datePublished":"2007-10-13T23:22:58+00:00","dateModified":"2007-10-13T23:22:58+00:00","breadcrumb":{"@id":"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/chinadigitaltimes.net\/2007\/10\/china-soaks-up-banks-cash-again-to-cool-economy-jason-subler-and-jerry-hua\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chinadigitaltimes.net\/"},{"@type":"ListItem","position":2,"name":"China Soaks Up Banks’ Cash Again To Cool Economy – Jason Subler and Jerry Hua"}]},{"@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\/bde859fa557a468c7a4b1a9d9db2b46c","name":"Liu Yong","url":"https:\/\/chinadigitaltimes.net\/author\/liu-yong\/"}]}},"_links":{"self":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/15115","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\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/comments?post=15115"}],"version-history":[{"count":0,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/15115\/revisions"}],"wp:attachment":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/media?parent=15115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/categories?post=15115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/tags?post=15115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}