China still has further room for RRR, interest rate cuts

The People's Bank of China, the country's central bank, proposed in its third quarter monetary policy implementation report that a reasonable pickup in prices should be taken as a key consideration in monetary policymaking to keep prices at a reasonable level.

However, prices are still running low at present.

In October, China's CPI, or consumer price index, increased by 0.3 percent year-on-year. The growth rate was 0.1 percentage point lower than that in September, and the cumulative year-on-year growth rate of the index in the January-October period was only 0.3 percent.