China Securities Journal comment piece: Reserve Ratio Cut Is ’Imperative’

A front page commentary piece in the China Securities Journal says:

• It is "imperative" for the central bank to cut reserve requirement ratio
• Amid pressure from slowing aggregate financing and M2 money supply growth
• People's Bank of China is expected to prioritize open market operations, especially targeted liquidity injection such as Pledged Supplementary Lending and Medium-term Lending Facility

via Bloomberg