China considers RRR cuts to support real economy: State Council

A clerk counts cash at a bank in Nantong, Jiangsu province. [Photo/Sipa]

BEIJING, July 7, Xinhua -- China will increase the financial support for the real economy, especially the micro, small and medium-sized enterprises, a State Council executive meeting chaired by Premier Li Keqiang decided Wednesday.

To that end, the country will adopt monetary tools such as cuts in the reserve requirement ratio (RRR) for banks at an appropriate time, the meeting said.