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Read the article titled China slashes banks' reserve requirements as trade war imperils growth through the link below that talks about China's policy action after
Read the article titled "China slashes banks' reserve requirements as trade war imperils growth" through the link below that talks about China's policy action after the new USMCA deal. https://www.reuters.com/article/us-china-economy-rrr-cut/china-slashes-banks-reserve- requirements-as-trade-war-imperils-growth-idUSKCN1MH0RQ a) How can the reserve requirement be used as a policy tool to tackle the impact of USMCA? b) What should be the impact of this policy by PBOC on Chinese Yuan and their future trade balance? c) How can a potential tax cut by the Chinese governments help their trade balance
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