Logo 15 Dec 2021

Quick take | Not the stimulus you seek: the anticlimactic backstory to the December RRR cut

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Try it free

Already a subscriber? Log in.

Last week, the People’s Bank of China (PBoC) announced that it would cut banks’ reserve requirement ratios (RRRs) by 50 basis points.
The policy comes into force on Wednesday, December 15, so now seems like a good time to explain to Neopol subscribers what’s happening – and why it matters.
Bear with...



More recent developments

Logo October 26, 2025
Xi’s big bet | the weekly recap

The exact nature of Xi Jinping’s Big Economic Bet is becoming clearer by the day. At the Party Central Committee’s Fourth Plenum, which wrapped on Thursday, China’s leaders put another chip on the table as they locked in the blueprint… Read More »

Logo October 18, 2025
China goes on offense | the weekly recap

Whew. It’s been a hell of a couple of weeks on the US-China front. And frankly, I’m having trouble knowing where and how to start, in terms of wrapping up where things stand at the end of a very volatile… Read More »

Logo October 15, 2025
On Our Radar | Charting the course

The most important upcoming developments for policy and politics in China over the next month key developments econ and finance Party Central Committee to determine 15th Five-Year Plan framework at Fourth Plenum (October 20-23) Q3 GDP data (October 20) foreign… Read More »