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China To Boost Pro-growth Policy Intensity Soon: Yicai

CHINA PRESS
MNI (Singapore)

China will increase policy intensity following high-level calls to stabilise economic growth at a quicker pace, likely including the issuance of special treasury bonds to stimulate consumption and support investment, and use of funds to boost credit, Yicai.com reported citing Lian Ping, head of Zhixin Investment Research Institute. The central bank may further reduce the deposit reserve ratio and interest rate if necessary and use structural tools, said Lian. China should increase rescue efforts to accelerate the resumption of production and ensure smooth traffic and logistics for supply chain stability, said Yicai citing Wen Bin, chief researcher of China Minsheng Bank.

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