Chinese central bank has cut Reserve Ratio Requirement according to Reuters sources 20 Jan

  • cut by 1 percentage point
  • will restore RRR to normal level at appropriate time after lunar new year holiday

Not unprecedented for PBOC to help with liquidity over the new year hols.

Elsewhere the commerce ministry says it is seriously concerned by US anti-dumping measures on Chinese carbon, alloy steel ctl plate :

"We will take necessary measures to protect companies fair rights"

Fair rights ?