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The recent rise in China's inflation has grabbed the attention of the public and policymakers alike. Consumer price inflation rose to 4.4 percent in October and a further increase is expected. This is higher than we are used to in China, although it
BEIJING, July 13 (Xinhua) -- The central bank reiterated Friday that the country will continue to implement a proactive fiscal policy and prudent monetary policy in 2012. The statement was released by the People's Bank of China after data showed that
WASHINGTON, Aug. 22 (Xinhua)-- The U.S. Federal Reserve would lean more close toward new stimulus actions unless incoming information signifies a substantial strengthening in the economic recovery, the central bank's policy meeting minutes showed on
BEIJING, Feb. 19 (Xinhua) -- China's central bank said Sunday it will maintain a prudent monetary policy as the country faces pressure in supporting growth and containing inflation. The remarks, made by an official with the People's Bank of China (PB
PARIS, Jan. 6 (Xinhua) -- Jeffrey Sachs, special advisor for UN Secretary General(秘书长), envisioned Thursday a three-pillar monetary system in place of U.S. dollar dominance in post-crisis world at an economic forum in Paris. We can't go to a gl
BEIJING, Dec. 27 (Xinhua) -- China's central bank said Thursday it will continue to implement a prudent monetary policy next year and pay close attention to potential financial risks. The People's Bank of China (PBOC) said in a statement that it will