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China: Further easing moves likely
China is likely to continue prioritizing domestic factors in its monetary policy as the new central bank governor takes office, treating solid economic growth as a buffer against any lingering uncertainties resulting from United States' monetary tightening, experts said on Wednesday. There may be further easing moves, including a potential cut in the reserve requirement ratio, in the next month at the earliest as the Chinese economy needs more stimulus to bolster demand and stabilize market expectations, they said. The RRR refers to the proportion of money that banks must hold as reserves. They commented after Pan ... (full story)