'Draconian' measures may be on the cards
By Li Xiang | China Daily | Updated: 2010-11-22 08:56
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Customers at a restaurant in Beijing. On Nov 19 the People's Bank of China, the central bank, ordered banks to set aside larger reserves for the fifth time this year, draining cash from the financial system to limit inflation and asset-bubble risks in the world's fastest growing major economy. Nelson Ching / Bloomberg |
No market volatility expected after latest RRR hike to fight inflation
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