Chinese authorities indicated they may lower the amount of money banks must set aside as reserves to boost lending, even after the central bank provided a massive amount of liquidity via other tools in recent weeks. The People’s Bank of China may use open market operations, medium-term lending facilities and reserve requirements among other monetary policy tools to provide “strong” support for reasonable growth in credit, Zou Lan, head of PBOC’s monetary policy department told the official Xinhua News Agency. The central bank will strengthen its counter-cyclical and cross-cycle policy adjustments to create favorable ... (full story)