However, Beijing has refused to yield to USA complaints that the Chinese government steals or pressures foreign companies into handing over technology.
China's yuan currency has faced strong selling pressure in 2018, losing more than 8% in March-August at the height of market worries, though it has since cut losses as authorities stepped up support.
The People's Bank of China announced earlier yesterday that it would lower the required reserve ratio by 1 percent for most banks on October 15, allowing lenders to pay off CNY450 million (USD65 million) in medium-term lending facilities due to mature that day and freeing up another CNY750 million in liquidity.
"In the face of rising trade frictions, moderate yuan depreciation aids exporters and is what the market expects to see", Tang Xiangbin, currency analyst at China Minsheng Banking Corp said, predicting additional USA rate hikes would help strengthen the dollar further.
Mr. Pence intensified Washington's pressure campaign against Beijing on Thursday by accusing China of "malign" efforts to undermine U.S. President Donald Trump ahead of next month's congressional elections and reckless military actions in the South China Sea.
China's foreign-currency holdings fell in September, as heightened trade tensions with the US fueled concerns of capital outflow and further yuan depreciation.
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Anonymous Turkish sources say the 15 men flew into Istanbul of two private Gulfstream IV jets with tail numbers HZ-SK1 and HZ-SK2. According to the New York Times , officials in Istanbul believe he was killed on orders from the royal court of Saudi Arabia .
The move signals China's economy "is really not doing well", Chen Shouhong, founder of the investment information platform Gelonghui, wrote on WeChat, a Chinese social media service.
Chinese stocks took a hammering Monday as traders returned to work after a weeklong holiday in the world's second-largest economy. The biggest decliners were technology stocks, which tumbled 1.18 percent. It has even censored bad economic news.
About $65 billion of that cash injection will be directed to banks to repay debts that are due in coming weeks, while the rest will be pushed into the financial market.
China has struck back with its very own arrangement of taxes and has blamed the USA for propelling the biggest exchange war in monetary history.
Buying of bellwether stocks such as PetroChina and Industrial and Commercial Bank of China was a frequently used tactic of the state-linked funds to stabilise equities in the aftermath of the 2015 rout that erased US$5 trillion in market capitalisation.
However, Stephen Innes, head of Asia-Pacific trading at OANDA, said: "It's not too much of a stretch to assume markets should expect more policy easing measures and increased infrastructure spending".
With China's economy cooling and the full impact of USA trade tariffs still to be felt, policy makers are shifting their priorities to reducing risks to growth, with the yuan and stock markets under pressure. But some key activity indicators have weakened more sharply. The government is aiming to help small and mid-size businesses in particular, which have had trouble obtaining loans and face other rising pressures.