00:00 It's Benzinga and here's what's on the block. People's Bank of China announced a 50-basis
00:04 point cut to banks' reserve requirement ratios, releasing 1 trillion yuan in long-term capital
00:09 starting on February 5. Regulators also said they will soon issue measures to encourage bank
00:13 lending to qualified property developers. Beijing has been reluctant to embark on massive stimulus
00:18 due to concerns over widening yield gaps with the US. Analysts say the stimulus measures may
00:23 stabilize markets in the near term, but a fundamental economic recovery will require
00:27 property and consumption trends to improve. Most analysts believe current efforts are insufficient
00:31 and greater monetary and fiscal easing will be needed to address China's macroeconomic challenges.
00:36 For all things money, visit Benzinga.com.
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