BIZCHINA / Photo |
Bank to open market operations(Reuters)Updated: 2007-05-11 16:34
Young people walk in front of a huge picture of a city
planning project at a construction site in Beijing May 11, 2007. China's central
bank vowed on Thursday to use open market operations and higher bank reserve
requirements to mop up excess liquidity and prevent the world's fourth-largest
economy from overheating. [Reuters] (For more biz stories, please visit Industry Updates) |
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