China NDRC: Will find appropriate time to cut interest rates and RRR

China National Development and Reform Commission (NDRC) said today it will find appropriate time to cut interest rates and Reserve Requirement Ratio (RRR), while continuing to push forward with supply side reforms.

Key points

Will continue to implement proactive fiscal policy, will appropriately expand demand, and will increase reasonable and effective investment

Will effectively fend off risks posed by investment volatility

Will lower costs for firms

Will actively encourage private firms to raise capital via bonds