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IHS: China Needs Further Stimulus to Secure Recovery

Friday, 13 Jul 2012 | 1:30 AM ET

"If you cut rates once, you can cut them twice and if you cut them twice you will probably cut them again so we are looking for another rate cut in quarter three, there is plenty more room for reserve ratio requirement moves down," Alistair Thornton, China economist at IHS Global Insight, told CNBC.