China boosted rural credit by cutting reserve requirements for the Agricultural Bank of China Ltd. which is the nation's third-biggest lender by market value, by an additional 379 branches.

On March 25, the ratio falls by 2% points for the branches in the provinces of Heilongjiang, Henan, Hebei and Anhui.

This move expands a trial that previously cut requirements for 563 branches in eight provinces, as the latest move means a total of 23 billion yuan ($3.6 billion) has been freed up.

The ruling Communist Party has pledged to fine-tune economic policies as needed as a cooling real-estate market and faltering export demand limit the nation's expansion.