Published: 1:00pm, 7 Oct, 2018 Updated: 4:27pm, 9 Oct, 2018
China 's economy will see an extra $ 110bn available for lending as a result of the government-announced cut to the amount that commercial banks must put aside at the People's Bank of China , effective as of 15 October . In a move designed to guard Chinese finances against the trade war with the US , the lowering of the reserve requirement will provide extra liquidity, self-reliance and scope for more growth in China 's $12tn economy. US Vice President Mike Pence stated that China 's stock market dropped 25% from Q1 to Q3 as a result of the US 's strong opposition to China 's trading practices.