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Monetary policy will remain a loose.....>

CHINA PRESS
CHINA PRESS: Monetary policy will remain a loose bias in Q2 and the PBOC may
lower the reserve requirement ratio by 50 bp in April, said Song Xuetao, head of
the research team at Tianfeng Securities. In a research report, Song said the
yield on the 10-year China Government Bond could fall below the 3.0% level and
hit 2.9% if there is a RRR cut in April. The economy is still in a short-cycle
downturn in Q2, mainly dampened by sluggish external demands, Song added.

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