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"Environmental protection-related investment accounts for nearly 20 percent of the total project investment, and it is much higher than the local average standard," he said.

"Cutting the RRR is necessary, as the borrowing costs in the interbank system have risen recently and the small and medium-sized banks still need cheaper funds to increase credit for the real economy," said Lou Feipeng, a senior economist at Postal Savings Bank of China.

"Essentially, blockchain can deal with the trust issues in the virtual world, as all transactions based on the technology are verified through the whole network to ensure the uniqueness of transactions, without mediation," said David He Dayong, managing director of BCG and leader of the firm's financial institutions and insurance practice in China.

"Don't listen to the debt trap noise. The Chinese debt is less than most Western countries." said Monyae.

"Employment remains a top priority of the government. The subindexes of employment in the manufacturing and services sectors were still in contraction territory in June. Faster production resumption as well as more targeted policies are needed to help resolve corporate difficulties," said Wang with Caixin Insight Group.