July 18, 2022 - 11:44 AM 246 views
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."
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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