China State Council researcher: No need to cut RRR, interest rates

Latest headlines crossing the wires from Yao Jingyuan, a researcher with the Chinese Counselor's Office of the State Council (& former chief economist at the National Bureau of Statistics), cites there is no need for a RRR and interest rates cut, MNI reports.

Key Quotes:

China has sufficient liquidity and normal growth

No need to cut the reserve requirement ratio or the interest rate,

China now needs to steadily push supply-side reform