The PBOC should cut the reserve.........>

CHINA PRESS: The PBOC should cut the reserve requirement ratio at least three

times this year, according to a leading analyst. The China Securities journal

cited Ren Zeping, chief economist at the Evergrande Research Institute, who told

the newspaper that with RRRs for large banks and small and medium-sized banks as

high as 13.5% and 11.5%, there was an opportunity for cuts.  Ren said that the

PBOC is more likely to cut interest rates as a result of the Fed's interest rate

hike coming to an end and the Sino-U.S. interest rate spread expanding, along

with an easing both in the depreciation pressure on the yuan and in the trade

dispute.