
Historically, the People's Bank of China only implemented a "moderately loose" monetary policy in 2009-2010

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Lian Ping, chief economist of the Guangkai Chief Industry Research Institute, suggested that the People's Bank of China adjust its monetary policy tone to "moderately loose" in order to create a better policy environment for reserve requirement ratio cuts and interest rate reductions. Historically, the central bank has only implemented such policies during 2009-2010
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