VIEWS: 16 PAGES: 1 CATEGORY: Business & Economics POSTED ON: 7/14/2010
China's central bank in February raised the required proportion of deposits banks must hold in reserve for the second time this year. China is taking steps to rein in lending after the country's banks issued more than 9.6 trillion renminbi ($1.4 trillion) in new loans last year, more than double the total amount for 2008. The consumer price index rose by only 1.5% year-on-year in January, but producer prices increased by 4.3%. Real estate prices in 70 large and medium sized cities rose by 95%.
China Thomas Clouse Global Finance; Mar 2010; 24, 3; Docstoc pg. 12 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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