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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	4/5/2011 7:18:47 AM
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China raised interest rates for the fourth time since the global financial crisis to restrain inflation and limit the risk of asset bubbles in the fastest- growing major economy. The benchmark one-year lending rate will increase to 6.31 percent from 6.06 percent, effective tomorrow, the People’s Bank of China said on its website today. The one- year deposit rate will rise to 3.25 percent from 3 percent. bloomberg.com

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