Interest rate rise by China has West confused
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CHINA has raised its interest rates for the first time in nine years to curb inflation and stop its fast-growing economy overheating.
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Growth in China&#39;s economy is expected to expand at a rapid rate in 2007, with inflation ticking higher to 3.2 percent, state media reported Friday, citing the central bank.
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Chinaâs currency rose steeply against the dollar this week, feeding speculation that Chinese authorities were allowing their currency to appreciate more rapidly.
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China said yesterday that its economy grew at an 11.9 percent annual rate in the second quarter of this year, the fastest pace in more than a decade, reigniting fears the economy is overheating.
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Chinaâs 11.9 percent annual rate of growth in the second quarter raised fears that the economy is overheating.
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China raised its benchmark interest rates on Thursday for the sixth time this year, in the latest in a series of tightening steps to contain inflation and prevent the world's fourth-largest economy from overheating.
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A peek through the West&#39;s net curtains this morning revealed an unexpected visitor on the doorstep. China. Not content with luring manufacturing contracts to Shanghai, the dragon economy&#39;s appetite is driving
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NEW YORK/LONDON  - Central bank officials said market turmoil made a euro zone rate rise far from certain while three Asian banks' heavy exposure to the limping U.S. home loan sector reinforced global credit worries on Friday.
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Chinaâs sizzling economy grew 11.5 percent in the third quarter, surging ahead despite official efforts to cool the countryâs boom.
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Beijing, Oct. 28 (PTI): China today raised its interest rates for the first time in nine years to consolidate macro economic adjustment and ensure healthy growth of the economy, the apex bank said here.
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China could take action on Friday to cool its red-hot economy by raising interest rates or scrapping a withholding tax on interest income, analysts said on Friday.
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China raised its benchmark interest rates on Thursday for the sixth time this year, the latest in a series of tightening steps to contain inflation and prevent the world's fourth-largest economy from overheating.
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SYDNEY (Dow Jones)--Chinese copper demand will remain strong for the foreseeable future despite the central bank&#39;s decision to raise interest rates for the first time in close to a decade, leading producers in the Asia Pacific region said Friday.
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Chinaâs move to hike interest rate has come as a surprise. The central bank raised the benchmark rate on one-year yuan loans to 5.58 per cent from 5.31 per cent and the rate on one-year deposits to 2.25 per cent from 1.98 per cent.
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The increase fed speculation that China was yielding to international pressure and the state of its economy.
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China&#39;s central bank raised interest rates for the second time in less than a month on Friday in an attempt to rein in soaring food prices, excessive bank lending and bubbles in the property and stock markets.
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BEIJING (Dow Jones)--China raised interest rates Thursday for the first time in more than nine years, escalating its battle to tame feverish economic growth but immediately