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View Full Version : China Orders Banks to Set Aside More Cash as Reserves to Cool Inflation - Bloomberg



NewsWhore
05-12-2011, 08:10 AM
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China Orders Banks to Set Aside More Cash as Reserves to Cool Inflation (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHHIog7v_gOnxmfD4U0mvftng8GOA&url=http://www.bloomberg.com/news/2011-05-12/china-orders-banks-to-set-aside-more-cash-as-reserves-to-cool-inflation.html)
Bloomberg
Officials have accelerated gains in the yuan, which broke 6.5 per dollar for the first time since 1993 on April 29 as the US currency slid. A stronger yuan helps to reduce import costs. The ruling Communist Party aims to prevent public discontent at ...

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