China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (3073)	4/17/2004 2:14:50 PM
From: RealMuLan	Read Replies (1) of 6370

China Has `No Plan' to Raise Rates, Central Bank Governor Says April 17 (Bloomberg) -- China has no plans to raise its key interest rates at the moment as other measures to curb inflation and cool economic growth are already in place, said Central Bank Governor Zhou Xiaochuan. ``We have no plans to raise interest rates,'' Zhou said at a conference in Beijing. ``I can't think of very serious reasons for a policy change.'' Zhou's comments come after government bonds had their biggest drop in more than four months yesterday on concern that rates may increase after the economy grew at a faster-than- forecast 9.7 percent in the first quarter. Minister of Finance Li Yong said the government was ``very worried'' that credit-fueled asset bubbles may push up inflation and create fresh bad loans at the nation's banks. China's consumer prices rose 3 percent in March, accelerating from a 2.1 percent increase the previous month. quote.bloomberg.com

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