China Has Sufficient Monetary Tools For Changes In H2-Daily

China’s monetary policy has sufficient space and tools to cope with any new challenges in the second half of the year, the Economic Daily said in a commentary. There is still room for lowering the reserve requirement ratio, as the weighted average deposit reserve ratio of financial institutions is currently 8.1%, the newspaper said. Meanwhile, the foreign exchange market is more resilient with more stable cross-border capital flows, as market players are more adaptable and tolerant to the ups and downs of the yuan, providing a better foundation to resist external shocks, the daily said.