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"Cutting the RRR is the best way in the current situation to reduce actual bank lending rates as it may increase the supply of low-cost funds for banks" and then increase credit especially for small and medium-sized companies, according to Lu.

"Elimination of outdated capacity has helped boost the overall quality of steel produced and helped balance the market demand and supply," Yu said, adding that the oversupply problem in the industry has almost been solved.

"Due to a lack of credit history and collateral, micro and small businesses have suffered from a credit crunch due to higher costs, bigger risks and the discrepancy between supply and demand," said Li Dongrong, president of the National Internet Finance Association of China.

"Every day of the Summer Olympics' schedule is almost fixed, while the winter schedule depends on accurate weather data to decide whether a competition will be canceled or not," he said.

"Especially in recent years, we've provided products and services of value to our customers with high quality and speed, by collaborating with outstanding resources in China, and leveraging the strengths of Honda."