PBOC Governor announces a 0.5% RRR cut to support economic growth

On May 7, 2025, PBOC Governor Pan Gongsheng announced a 0.5% cut in the reserve requirement ratio, expected to inject 1 trillion yuan into the economy to stimulate growth amid a trade war with the U.S.

China is set to engage in trade talks with the U.S. Later this week, as both economies face challenges from tariffs and other economic pressures.