China stocks fall as COVID concerns eclipse GDP expansion, reserve ratio cut

SHANGHAI :China stocks fell on Monday, with investors disappointed about a smaller-than-expected cut in the reserve requirement ratio that many felt might not be enough to reverse a sharp economic slowdown.

The People's Bank of China said on Friday it would cut the reserve requirement for all banks by 25 basis points , releasing about 530 billion yuan in long-term liquidity to cushion a slowdown. China's gross domestic product beat analysts' expectations with a 4.8per cent increase in the first quarter from a year earlier, while data on March activity showed weakness in consumption, property and exports affected by COVID-19 curbs.

Real estate developers tumbled 4.4per cent, while banks and brokerage firms both dropped nearly 3per cent.

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China stocks fall, unsupported by GDP, reserve-requirement cutSHANGHAI : China stocks opened down on Monday, as market participants shrugged off a cut in the reserve requirement ratio that fell below their expectations, saying it might not yet be enough to reverse economic slowdown.Unexpectedly strong gross domestic product data for the first quarter of 2022, not he
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