China has Enough Financial Resources to Make Adjustments in H2 - Economic Daily

The Economic Daily stated in its editorial op-ed piece on Monday that "China's monetary policy has ample room and tools to cope with any new obstacles in the second half of the year."

July 18, 2022 - 11:44 AM 246 views

China has Enough Financial Resources to Make Adjustments in H2 - Economic Daily

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© China has Enough Financial Resources to Make Adjustments in H2 - Economic Daily

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The Economic Daily stated in its editorial op-ed piece on Monday that "China's monetary policy has ample room and tools to cope with any new obstacles in the second half of the year."

Important Quotes (Via Reuters)

 Given that financial institutions' weighted average deposit reserve ratio is at 8.1 percent, there is still space to reduce the reserve requirement ratio.

Meanwhile, due to market participants' increased adaptability and tolerance to the ups and downs of the Yuan, the foreign exchange market is more resilient with more stable cross-border capital flows, offering a stronger base to withstand external shocks.

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