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Tele interview: Effects of RRR cut on China's economy

05-14-2012 15:29 BJT

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China’s central bank says it will lower banks’ reserve requirement ratio by 0.5 percentage points, starting May 18th. The cut is the second of its kind this year. Full story >>

For more analysis on the cut, we’re joined on the line by Steven Xu, the Chief Representative of the Economist Group in China.

Q1: Why has China decided to lower banks’ reserve requirement ratio for the second time this year?

Q2: What effects will the cut have on China’s economic development in the short term?

 

Editor:Zhang Dan |Source: CNTV.CN

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