Party time

CNN:

The country’s central bank moved over the weekend to allow commercial lenders to dish out more loans by cutting the amount of cash they have to keep in reserve. The cut “is clearly signifying additional concern about the sustainability of economic growth in China absent credit injections,” said Christopher Balding, an associate professor at the HSBC School of Business at Peking University in Shenzhen. He estimated the move could unleash up to $100 billion in additional lending.

In other news, ugh.

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