ANZ analysts think China could announce targeted reserve requirement ratio (RRR) cut as early as Friday, Eunice Yoon, Beijing bureau chief, senior correspondent at CNBC, tweeted a few minutes before press time. 

The world's second-largest economy is also expected to roll out CNY 500 billion ($71.4 billion) as loans for small and marginal enterprises (SMEs), according to state TV reports. Further, value-added tax (VAT) for 80 million home businesses employing 200 million people could be cut from 3% to 1%.