Chinese press talking reserve ratio cuts

• China’s Financial News is carrying a story saying officials may cut the reserve ratio 3 times this year.
• The CPI may rise as much as 3.3% this year.
• They cite an analyst from the Chinese Bank of Communications (BOCOM).

A separate Financial News brief carried by Reuters reads: “China insurance authorities have stopped approving regional insurance outlets and agents due to business chaos in the market.”

I don’t like the sound of that.