China steps in to curb inflation
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China's cabinet says it will temporarily intervene in the market to curb rampant food and fuel price rises.
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China sought Friday to soothe concerns over a surprise interest rate rise, its first in nearly a decade and one which is expected to kick off a series of increases to cool growth in the world&#39;s seventh-biggest economy.
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China reported its lowest rise in inflation in nine months on Friday as growth in grain and food prices moderated, easing pressure on the central bank to raise interest rates.
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BEIJING: China sought yesterday to soothe concerns over a surprise interest rate rise, its first in nearly a decade and one which is expected to start a series of increases to cool growth in the world&#39;s seventh-biggest economy.
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China may avoid a sudden economic slowdown after the central bank raised benchmark interest rates for the first time in nine years last week, a survey showed.
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The government announced on Sunday a plan to reduce inflation in 2005 by lowing duties on imports from countries without trade agreements and restructuring electricity rates.
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China on Sunday took aim at price manipulators and hoarders of goods, as Beijing ramped up its campaign to rein in inflation which is running at its highest level in more than a decade.
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China&#39;s central bank raised official borrowing costs for the first time in nine years Thursday night, a step aimed at slowing breakneck economic growth and inflation
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China's economy will grow by 9.3 percent this year, the government forecast Thursday, amid signs that efforts to tame the economic boom may be failing to cap inflation.
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China's efforts to moderate its economic boom appear to be taking hold, central bank governor Zhou Xiaochuan said Sunday, reiterating Beijing's pledge to consider easing controls on its currency.
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China's central bank sought on Friday to soothe concerns over its first interest rate hike in nearly a decade, saying it will not have a big impact on the economy or the pegged yuan currency.
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With prices heating up to combustion point, you need inflation protection.
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China's central bank sought on Friday  to soothe concerns over its first interest rate hike in nearly  a decade, saying it will not have a big impact on the economy  or the pegged yuan currency.
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China will maintain a stable monetary  and yuan policy as it tries to keep inflation in check, state  media cited a central banker as saying, amid resurgent  speculation Beijing may tinker with the rigidly held currency.
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Surging oil prices could moderate China's economy this year as rising costs push inflation higher, hitting corporate profits and consumer pocket books, analysts and state press said.
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China's central bank raised interest rates Thursday for the first time in nearly a decade, signaling a deep unease with the breakneck pace of development and an intent to curb fears of runaway inflation.
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Fighting stubbornly high inflation, China's leaders dusted off a blunt tool from its pre-market reform era and commanded utility companies to freeze electricity prices.