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The People's Bank of China may lower....>

CHINA PRESS
CHINA PRESS: The People's Bank of China may lower interest rates for open market
operations, medium-term lending facility (MLF) and the Loan Prime Rate by
between 15 to 30 bps this year, according to a report in Financial News. Citing
Zhang Ming, Chief Economist with Ping'an Securities, the report says the deficit
ratio target is estimated to increase to 3% from 2.8% in 2019. Zhang also said
the issuance of new special-purpose local government bonds would be over CNY3
trillion in 2020. 

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