07-06-2011 • Reuters
Chinaraised interest rates for the third time this year on Wednesday, makingclear that taming inflation remains a top priority even as the growthpace of its vast economy gently eases.
The 25-basis-point increase in lending and deposit rates underscored China's quiet confidence that the world's second-biggest economy is resilient enough to endure tighter monetary policy and is not threatened by the hard landing that some investors fear.
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The 25-basis-point increase in lending and deposit rates underscored China's quiet confidence that the world's second-biggest economy is resilient enough to endure tighter monetary policy and is not threatened by the hard landing that some investors fear.
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