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China's monetary policy next year.......>

CHINA PRESS
CHINA PRESS: China's monetary policy next year should not be loosened to the
extent that it encourages speculation in real estate again, or leave excessive
liquidity in the banking system while failing to support the economy, the 21st
Century Business Herald reported on Tuesday citing Sheng Songcheng, a former
official at the PBOC. Regulators may consider lowering the reserve requirement
ratio (RRR) rather than cutting broad interest rates if necessary, the newspaper
said citing Sheng.

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