It is difficult to see a reserve........>

CHINA PRESS: It is difficult to see a reserve requirement ratio cut implemented

because current monetary policy is showing an obvious tight bias, the Securities

Times said in a commentary Monday. M2 growth will remain low at 9% to 10%

because of strict financial regulations targeting leveraging and financial

bubbles will further curb expansion in the sector, the commentary said. A RRR

cut is a strong signal of a loose monetary policy. Therefore it is unlikely to

be adopted now -- considering financial regulation targets haven't changed, the

economy continues to be stable and the important developed countries have all

tightened policy, the report said. (Securities Times)