China Raises for the 4th Time This Year

HenryTo

Another baby step - as a measure to contain general price inflation and the "inflation" in the local stock markets. Also allowed individual investors to start investing in Hong Kong (although the article doesn't mention that the program is still in a pilot stage right now):

http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aSmOLPhMWkBA

rffrydr · Posted: Thu Sep 20, 2007 7:50 am Post subject:

China’s entrepreneur confidence index fell to 77 from 83.4. This is the lowest in the 2 year history. The wire story says that tighten measures are slowing growth. Inflation expectations increasing.

China’s Bankers Confidence hit a low of 21% in Q3. Wire says record low. A reading under 50 is expected to signal economic contraction.
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Today is the Tomorrow you worried about Yesterday!

HenryTo · Posted: Fri Sep 14, 2007 5:11 am Post subject:

Raises for the 5th time this year.
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China Raises Interest Rates Again
Friday September 14, 6:00 am ET
China Raises Interest Rates for 5th Time This Year in Bid to Cool Inflation

BEIJING (AP) -- China raised interest rates Friday for a fifth time this year in a bid to curb rising inflation.
Rates on loans will rise by 0.27 percent to 7.29 percent as of Saturday, the Central Bank said. Rates paid on bank deposits also will rise.

The announcement came after the government reported this week that inflation in August rose to 6.5 percent, its highest monthly rate in 11 years.

rffrydr · Posted: Fri Sep 07, 2007 5:12 am Post subject:

Off 2% on further tightening:

http://www.cnbc.com/id/15840232?video=504318652&play=1
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Today is the Tomorrow you worried about Yesterday!