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Saturday, March 19, 2011

China Raises Reserve Rates

Saturday, March 19, 2011
China raises banks' reserve requirement ratio by 0.5 percent.

Decision, debt reduction, and is aimed at controlling inflation.

Bank of China last year, required reserve ratios 6 times this year, only 3 times increased.

Economic gains to the wear of inflation in China, is the main concern.

Country, prices rose 4.9 percent in February.

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