China's monetary policy has ample room and sufficient tools, including further cutting banks' reserve requirements, to cope with new challenges amid a shaky economic recovery, a commentary in the state-owned Securities Times said on Sunday.
China's economy grew just 0.4% in the second quarter from the same period last year, down sharply from 4.8% growth for the first three months, the government said on Friday, as widespread lockdowns to extinguish outbreaks of COVID-19 hobbled the world's second-largest economy.
"In terms of coping with new challenges and changes that may exceed expectations, monetary policy has sufficient space and ample tools."
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