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Policies Must Address Weak Industrial Profits - Yicai

CHINA PRESS
MNI (BEIJING)

The sharp 22.9% y/y contraction in industrial profits during the first two months of the year shows policy support is needed to secure the economic recovery, according to Yicai. More targeted policies, as well as reserve requirement ratio cuts, are needed to reduce financing costs for private enterprises and help the real economy. Strong bank financial results reported recently, plus the high reported salary of bank employees, means financial firms can provide more favorable conditions to SMEs in order to boost the economy, Yicai noted.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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