“China's monetary policy has sufficient space and tools to cope with any new challenges in the second half of the year,” the Economic Daily said in its editorial op-ed piece on Monday.

Key takeaways (via Reuters)

“There is still room for lowering the reserve requirement ratio, as the weighted average deposit reserve ratio of financial institutions is currently 8.1%.”

“Meanwhile, the foreign exchange market is more resilient with more stable cross-border capital flows, as market players are more adaptable and tolerant to the ups and downs of the yuan, providing a better foundation to resist external shocks.”

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