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flag China's central bank expected to make two more RRR cuts in H2 2024.

flag Bloomberg's survey of economists predicts China's central bank, the People's Bank of China, to make two more cuts this year, totaling 50 basis points in the Reserve Requirement Ratio (RRR), with the adjustments expected in the second half of 2024. flag This move is aimed at supporting China's economy and reaching an ambitious growth target of around 5%. flag However, analysts view this target as elusive.

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