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China's high rate of inflation is.......>

CHINA PRESS
CHINA PRESS: China's high rate of inflation is unlikely to impact on monetary
policy in the short term because it is being driven by higher food prices which
comprise a relatively small component of disable income, according to an article
in the China Securities Journal on Friday. Citing Tang Liming, an analyst at
Dongxing Securities, the Journal's report said China's monetary policy may have
further room for easing if the U.S. Fed cuts interest rates. China could act by
selective cuts to the reserve requirement ratio (RRR), and by offering
preferential interest rates for private and small companies and those in
high-tech manufacturing and new service industries. 

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