Reserve requirement ratios raised to record high by PBOC
By Nerys Avery and Sophie Leung | China Daily | Updated: 2011-05-13 07:51
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China has raised the reserve requirement ratios for banks for the fifth time this year to mop up excessive liquidity and curb rising inflation. Wu He / for China Daily |
HONG KONG - China has raised the reserve requirement ratios (RRR) for banks for the fifth time this year to restrain price rises.
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