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IPFS News Link • Foreign Policy

China tightens grip on credit (is China trying to save the Dollar?)

04-29-2007 • China Daily

The People's Bank of China (PBOC), in a surprise announcement on the eve of the Lunar New Year holidays, ordered lenders to tie up another half a percent of their deposits in reserve at the central bank instead of loaning the money out.

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Reported By Ernest Hancock

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China tightens grip on credit (is China trying to save the Dollar?)

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