China plans to slash the minimum capital ratio requirement to enhance the financial effectiveness for infrastructure projects.
- The nation decided to reduce the ratio for the infrastructure projects concerning ports and shipping infrastructure by 5 per cent from 25 per cent and further determined to reduce the ratio by 5 per cent for the social services infrastructure.
- The iron ore futures were supported by the recent policies change in China in the international market.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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