China could still go for more monetary easing policies, especially Reserve Requirement Ratio, RRR cuts for the banks to improve lending to halt economic slowdown.Chen Yulu, member of the Monetary Policy Committee of the People's Bank of China, said that there was plenty of room for more RRR cuts. He said, RRR remains high at 18.5 per cent, presenting enough room for further cuts. China's central bank lowered the RRR cut by one percentage point three days ago in bid to increasing funding for private sector investment to spur growth as the second largest economy continued to slow down. China has already affected two RRR cuts this year.China's gross domestic product growth slowed to 7 per cent in the first quarter from 7.3 per cent in the final three months of last year, marking the worst result in six years and indicating continuing downward pressure on the economy.