China to lower banking reserve requirements. This should be stimulative (for them) on many fronts. At least they have reserve requirements, which they can adjust to keep business moving along. The US is operating now with ZERO reserve requirements, meaning our economy has no cushion against unexpected disturptions. No wonder the dollar is losing respect.

http://www.reuters.com/article/2014/06/17/markets-metals-idUSL5N0OY2NR20140617?feedType=RSS&feedName=financialsSector

http://news.goldseek.com/GoldSeek/1238970345.php

Yes, the second link above is older, but it presents the situation very clearly. US banks today are still effectively operating without reserves, after decades of the Fed insisting that 10 percent cash be held against unexpected demands.