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Ample monetary maneuver room

In contrast to some developed economies, China has relatively ample room for monetary policy action. China can make policy adjustments with traditional monetary policy tools, including changes in interest rates and reserve requirement ratios, Yin Yong, assistant governor of the People's Bank of China, said at a forum over the weekend. Meanwhile, the country has not resorted to quantitative easing - unlike the United States, the United Kingdom and the eurozone.

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