<div>UPDATE 2-China to cut bank reserve requirements in 'timely manner' to refuel slowing economy</div> <!-- no image --> <div>* Says will allow local govts to issue special bonds earlier (adds analyst quotes, details on bond issuance, changes attribution)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=US7Lj8qbvpE:TeQvkZKsbGw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=US7Lj8qbvpE:TeQvkZKsbGw:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=US7Lj8qbvpE:TeQvkZKsbGw:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=US7Lj8qbvpE:TeQvkZKsbGw:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=US7Lj8qbvpE:TeQvkZKsbGw:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/US7Lj8qbvpE" height="1" width="1" alt=""></div> Posted by Reuters