Release The Kraken! China Cuts Reserve Ratio By 0.5% Releasing 1 Trillion Yuan In Liquidity To Boost Economy (Europe Has 20 Nations With Negative 2Y Sovereign Yields)

by confoundedinterest17 Release the Kraken! The People’s Bank Of China announced it is cutting its Required Reserve Ratio by 0.5% for most banks, a move that will unleash about 1 trillion yuan ($154BN) of long-term liquidity into the economy and will be effective July 15. …

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China, India, Indonesia, Japan and Vietnam are planning to build more than 600 coal plants, equivalent to around the entire electricity generating capacity of Japan.

Five Asian countries are responsible for 80 percent of new coal power stations planned worldwide, with the projects threatening goals to fight the climate crisis, a report warned Wednesday. China, India, Indonesia, Japan and Vietnam are planning to build more …

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