China senior government source: No need to panic if China growth slows down

FXStreet (Bali) - According to MNI, citing a Chinese senior government source, the market should not panic if China's Q1 growth comes below target. The official also added that a RRR cut "seems far off for now", as further accomodative policies would damage the government's aim on cutting down over-leveraged Chinese industries. The comments seem to suggest that China might be getting ready for slower economic results, despite still forecasting a 7.5% GDP/year.