MNI with a report from the Shanghai Securities News
- China's reserve requirement ratio is expected to be cut by 0.5 percentage point in December
- Foreign reserves fell sharply in November, which likely resulted in slower M2 growth
- The interest rate cut however may not happen unless CPI growth slowed further
Citing Shen Lan, an economist covering China for Standard Chartered
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This will be a positive input for everyone's favourite China proxy, the Australian dollar.
Piling on top of positives for the AUD already today with improving business confidence and strong conditions
