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Reduced inflationary pressure through...>

CHINA PRESS
CHINA PRESS: Reduced inflationary pressure through a slowing CPI will free up
space for further countercyclical adjustment in China, according to a commentary
in the China Securities Journal. Reserve requirement ratio (RRR) cuts and rate
cuts to the medium-term lending facility are both necessary to better mitigate
the impact of the epidemic and support the real economy, the newspaper said. Any
further RRR cuts should match the timing of issuing local government special
bonds or special Chinese Government Bonds, according to the commentary. 

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