The two-year package, accompanied by an unprecedented bank lending spree, pushed up consumer and asset prices. Inflation accelerated to 6.5 percent in July last year, a three-year high, forcing the central bank to tighten monetary policy through raising interest rates and increasing the amount of deposits banks must set aside as reserves to rein in credit growth.
Mon, Nov 19, 2012 - Page 14 News List
Yuan convertibility next for China
MARKET FORCE:Against the backdrop of China’s power transition, freer movement of currency in and out of the country is likely as it reduces its reliance on the US dollar
This story has been viewed 1923 times.
Listing from 2014-11-20 to 2014-11-27
- Most read
- Most e-mailed
1EU markets jump after Draghi inflation vow
2Chinese military buildup affects US options: report
32014 ELECTIONS: Ethnic discrimination seen in KMT attacks
4Legislator under fire over organ-harvesting claims
5China rate cut to hit profits: ICBC president