China's central bank governor suggests cutting banks' reserve requirements to support consumer prices and meet a 5% growth target.

China's central bank governor, Pan Gongsheng, has stated there is room to cut banks' reserve requirements, aiming to mildly support consumer prices. This move is part of China's broader economic policy adjustments, aiming for a 5% growth target for the year while adhering to a 3% fiscal deficit. The central bank will also issue "ultra-long" special bonds for major projects to help meet the growth target.