China has sufficient monetary tools for changes in H2 – Economic Daily

“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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