China press: PBOC has room to cut RRR despite Fed rate hike

In its latest editorial piece, China Securities Journal opines that the People's Bank of China (PBOC) has room to cut the reserve requirement ratio (RRR) even with the Fed rate hike.

The piece also noted that 2018 trade surplus may narrow by about 10%.

This comes ahead of the Chinese trade balance data slated for release in an hour’s time.