China&#39;s rate rise not enough: expert
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An economist has warned that China did not raise its interest rates enough to curb inflation, the China Daily reported. Tang Min, chief economist with the resident mission
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Interest rate hikes won't slow China's overheating GDP. Expect new controls on investment and credit.
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The People&#39;s Bank of China, or China&#39;s central bank, announced Thursday to raise both lending and deposit interest rates 0.27 percentage point higher as from Oct. 29.
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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 has raised its core interest rates for the first time in nine years, as the country&#39;s central bank moves to rein in the booming economy.
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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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Former Federal Reserve Chairman Alan Greenspan said on Tuesday that China's current rate of growth could not continue and added that a boom in global financial market liquidity was near a turning point.
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Beijing is not ready to loosen its currency peg to the US dollar, a People&#39;s Bank of China governor said Saturday at the Group of 20 economic summit in Berlin.
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China's economy will continue to race ahead at a near double-digit rate, analysts said Monday, despite a call by Premier Wen Jiabao's for a more controlled pace of development.
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China needs to do more to control spending on construction, factories and other &quot;fixed assets&quot; to curb growth and cool inflation, state media reported Monday, citing top government officials.
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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&#39;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
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Treasury Secretary Henry M. Paulson Jr. said efforts to persuade China to let its currency rise in value had achieved âsome resultsâ but that Beijingâs leadership needed to do far more.
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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 is making some progress but  not enough toward adopting a flexible currency regime and the  Bush administration will push "as aggressively as necessary"  for more, a U.S. Treasury spokesman said on Thursday.
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China raised interest rates on Friday in the latest of a series of tightening steps aimed at keeping inflation in check and preventing the world's fourth-largest economy from overheating.
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China raised interest rates on Friday  in the latest of a series of tightening steps aimed at keeping  inflation in check and preventing the world&#39;s fourth-largest  economy from overheating.