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China’s exports shrink; PBOC cuts reserve ratio

China’s exports shrink; PBOC cuts reserve ratio

  • TV-G
  • 2019
  • 2mins
China’s exports unexpectedly contracted in August with sales to the U.S. tumbling amid the escalating trade war between the two nations. Meanwhile China’s central bank said it will cut the amount of cash banks must hold as reserves to the lowest level since 2007. Tom Mackenzie reports on Bloomberg Daybreak: Australia.