date:May 10, 2013
nurture the recovery, while proceeding with structural reforms to sustain long-term growth.
There is an increasing possibility of an interest rate cut later this year, he said.
But Lian Ping, an economist at Bank of Communications, said such a radical move is unlikely, as current liquidity is sufficient to support growth, and further significant easing may once again fan property prices.
Besides, the central bank's sale of 10 billion yuan ($1.6 billion) of three-month bills on Thursday damp