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Thread: Mainland stock market slumped yesterday
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[quote=JIMMYB,272362]Well, it seems that interest rates increase didn't take much effect to curb the inflation. Facing inflation and high CPI, China has taken two ways: increasing interest rates or reserve ratio. But both didn't make good result. The CPI in January has increased 7.1 percent due to the snow attack. Some people estimate that China might increase the interest rates again to curb the skyrocketing CPI and inflation. Let's wait and see.[/quote]
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