China says will make timely use of RRR cuts to support small, private companies

China will make timely use of reserve requirement ratio (RRR) cuts and other financing tools to support small and private companies, Premier Li Keqiang said on Tuesday.

China will significantly lower real financing costs for small firms, with a 1 percentage point cut this year targeted, Li said at the World Economic Forum in the northeastern Chinese port city of Dalian.

Source: Reuters