摘要
In 2014, a large amount of companies have to pay back their debts. Lowering the financing cost for the real economy and hedging the deleverage risks has become an urgent task for China. The central bank＇s cut on the reserve requirement ratio for county-level rural com- mercial lenders （see page 6） comes at the right time on the back of rising borrowing costs.
In 2014,a large amount of companies have to pay back their debts.Lowering the financing cost for the real economy and hedging the deleverage risks has become an urgent task for China.The central bank’s cut on the reserve requirement ratio for county-level rural commercial lenders(see page 6)comes at the right time on the back of rising borrowing costs.[Editor’s Note:The reserve requirement ratio sets the minimum fraction of customer deposits that each commercial bank
