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Policymaking would be less constrained by political concerns this year, Lu said, with two years' preparation in the political sphere, Lu said in Hong Kong.
Monetary easing is expected to continue this year.
With the end of the one-way appreciation of the yuan to the US dollar, the private sector tends to keep an increasingly larger share of their foreign exchange proceeds, depriving the central bank of the traditional source of base money supply and likely forcing the People's Bank of China to cut the reserve requirement ratio several times this year,
News | .: Richardson International Business Center:.
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