People's Bank of China cuts banks' reserve requirement ratio (1/2)

A bank staff counts clients' cash deposits in Qionghai, south China's Hainan Province, Dec. 5, 2011. The People's Bank of China, the country's central bank, on Monday cut banks' reserve requirement ratio (RRR) by 0.5 percentage points, for the first time in 35 months, an act taken to replenish liquidity in China's banking system as inflation eases. (Xinhua/Meng Zhongde)