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Analysts attributed the slide partly to downside risks escalating worldwide, but highlighted signs of new growth momentum to help the Chinese economy withstand uncertainties.
Analysts believed the move, which will take effect on Oct 15, is meant to further fuel the country's real economy and fend off potential risks brought about by global trade uncertainties and downward pressure. The RRR cut will inject 1.2 trillion yuan (4.7 billion) of commercial bank deposits from the central bank to the banking system, according to a statement on the People's Bank of China website.
An online conference about how to preserve intangible cultural heritage in the Yellow River Basin will also be held.
Analysts expect the central bank to maintain a certain amount of open market operations to ease a quarter-end liquidity strain.
And he said it is a matter of time before the mobile payment systems that are ubiquitous in China catch on in the West.
来源：资阳报