Starting Monday, the People's Bank of China has carried out targeted reserve requirement ratio cuts for eligible banks, the second such cuts this year, which would release another 550 billion yuan (78.6 billion U.S. dollars) of liquidity into the market. Besides, a total of 100 billion yuan (14.28 billion U.S. dollars) has been injected into the market via a medium-term lending facility. How do you find the timing of these monetary policies? What do they mean for state of the Chinese economy? And as most Chinese resume work and production, what are the prospects for the Chinese economy?
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