U.S. judge blocks Trump administration's ban on new TikTok downloads

China boosts real economy with RRR cuts

The targeted required reserve ratio (RRR) announced by the People’s Bank of China (PBoC), China’s central bank, last Friday was aimed at boosting the real economy and lowering the financing costs for companies in some specific sectors. The targeted RRR cuts, effective from Monday, would release a total of 550 billion yuan (US$78.5 billion) of long-term funds […]