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China should step up the introduction...>

CHINA PRESS
CHINA PRESS: China should step up the introduction of targeted reserve
requirement ratio (RRR) cuts and specifically lower the RRR for joint-stock
banks, according to a statement on the government website. Citing the State
Council executive meeting on Wednesday night, the statement said cuts would
enable commercial banks to increase lending for small companies and therefore
help the resumption of production through driving down financing costs.

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