In their defense, the reserve was a relatively high 21.5% for large lenders. So this would lower it to 21%. That’s not breaking the bank (assuming the banks in question aren’t going crazy with bookcooking in which case reserve amounts no longer matter).
Take a look at some of the links on this Google search Ghost Cities of China and see for yourself that China has some bubble issues of its own.
In their defense, the reserve was a relatively high 21.5% for large lenders. So this would lower it to 21%. That’s not breaking the bank (assuming the banks in question aren’t going crazy with bookcooking in which case reserve amounts no longer matter).
Take a look at some of the links on this Google search Ghost Cities of China and see for yourself that China has some bubble issues of its own.