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IPFS News Link • Economy - International

China raises rates for fifth time to cool economy

09-14-2007 • Bloomberg

China raised interest rates for the fifth time since March to curb the fastest inflation since 1996 and damp speculation in stocks and real estate. The benchmark one-year lending rate will increase to a nine-year high of 7.29 percent from 7.02 perce

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Reported By Jean Carbonneau

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China raises rates for fifth time to cool economy

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