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China Should Take More Powerful Steps To Support Economy: State Media

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(G.N.S) DT.11 BEIJING: China should prepare “more powerful” policy measures, possibly including a large-scale stimulus package, to prevent its economy from stalling as trade frictions with the United States persist, a state-backed tabloid said in a commentary on Thursday.Over the weekend, the People’s Bank of China (PBOC) announced its fourth cut in banks’ reserve requirement ratios (RRRs) this year to further ease credit conditions and support businesses, including exporters hit

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