china: news and opinion

Beijing hikes interest rate then looks for cheap oil

Perhaps to no one’s surprise, after a hot CPI reading on Tuesday, China’s central bank lifted the benchmark lending and deposit rates on Friday. The 27 basis points move is the fifth such increase this year by the People’s Bank of China, second i... ...full story at Shanghaiist

from Shanghaiist on Sun, Sep 16 2007

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05 Sep 07		The Week It Was, 12th August 2007 » YouTube videoThe Week It Was from Channel 7 Weekend Sunrise. The Reserve Bank has up the interest rates up by 0.25% to 6.5%. One year from now, Olympic Games will be in Beijing. China wants everybody to leave Beijing with positive impression. Endeavour lifted-off...
29 Oct 08		China cuts benchmark interest rates by 0.27 percentage points » People's Daily China's central bank announced on Wednesday it would cut benchmark interest rates by 0.27 percent to spur economic growth. The move would become effective on Oct. 30. The benchmark one-year deposit rate would drop to 3.60 percent from 3.87...
23 Dec 08		Interest rates cut again to spur growth » People's Daily The central bank has rolled out the fifth interest rate cut in four months - in its latest attempt to shore up investment and boost the economy. The People's Bank of China lowered the benchmark one-year lending and deposit rates by 0.27 percentage...
15 Sep 07		Interest rate raised for 5th time this year » People's Daily The central bank raised interest rates for the fifth time this year on Friday as part of its continuing efforts to arrest the rising inflation graph and prevent the economy from overheating. The benchmark one-year lending and deposit rat ...
26 Nov 08		China central bank cuts interest rates by 1.08 percentage points » People's Daily China's central bank slashes the lending and deposit rates by 1.08 percentage points as of Thursday in the latest effort to stimulate economy. The People's Bank of China (POBC) announced on Wednesday that as of Dec. 5, it also would lower the...
23 Dec 08		China cuts rates 0.27 point, 5th reduction in 3 months » People's Daily China's central bank slashed the lending and deposit rates by 0.27 percentage points as of Tuesday as the latest move to stimulate economy. &$ &$Photo taken on Nov. 27, 2008 shows the People's Bank of China (PBOC) in Beijing, capital of China....

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