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The PBOC could cut the reserve..........>

CHINA PRESS
MNI (London)
CHINA PRESS: The PBOC could cut the reserve requirement ratio in H2 to boost
growth growth against the backdrop of global rate cuts, the Securities Daily
reported Thursday citing Tao Jin, a researcher at Suning Institute of Finance.
Liquidity is expected to remain stable in H2, with no tax and fee collection
peak and local government bond issuance seen completed before end-September, so
aggressive easing does not seem necessary, Tao said, the paper reported.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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