The announcement came after China indicated it would loosen monetary policy by lowering the reserve requirement ratio for banks.

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The EU debt situation shared the spotlight with China Monday as Chinese monetary authorities loosened monetary policy over the weekend by reducing reserve requirement ratios on domestic bank reserves.

FORBES: By Jim Wyckoff Of Kitco News

The EU debt situation is also sharing the spotlight with China Monday as its monetary authorities loosened monetary policy over the weekend by reducing reserve requirement ratios on domestic bank reserves.

FORBES: By Jim Wyckoff Of Kitco News

In order to stoke domestic demand for the bonds, the government announced a loosening of monetary policy in April, cutting the bank reserve requirement and interest rates.

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