China's tight monetary policy may be eased

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Tight monetary policy implemented by the China's government has to be eased and the measures for it may be discussed at the annual Central Economic Work Conference due in December, said experts. The government already undertook the first step by reducing the reserve requirement ratio to 16%. HSBC Purchasing Managers' Index fell to 48 indicating the decline in manufacturing activity; the GDP growth is also expected to decrease in the next years thus forcing the government to ease its monetary policy, said Huang Libin, an official from the Ministry of Industry and Information Technology.