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The PBOC is likely to further cut.......>

CHINA PRESS
CHINA PRESS: The PBOC is likely to further cut target reserve requirement ratios
to ease the financing difficulties for private and small companies, said
Securities Daily citing Wu Qi, a senior researcher at a think tank Pangoal
Institution. Cutting RRRs for all institutions isn't likely as the liquidity is
ample and March indicators pointed to a recovery, the daily said citing Wu.

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