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China freezes more money by raising reserve ratio
By Zhang Fengming |
November 10, 2010, Wednesday
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Online Edition
Online Edition
CHINA'S central bank today required banks to set aside more capital from lending to control liquidity against rising inflation risk.
Commercial banks in China will face a 50 basis point increase on reserve requirement ratio from November 16, the People's Bank of China said on its Website today.
Commercial banks in China will face a 50 basis point increase on reserve requirement ratio from November 16, the People's Bank of China said on its Website today.
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