Price hikes hit China

By Globaltimes.cn Source:Global Times Published: 2011-6-6 12:46:00

The People's Bank of China (PBC) has just raised the reserve requirement ratio, the minimal amount each bank must hold proportional to its lending, by 0.5 percentage points. 

This is the fifth such hike this year, which has pushed the reserve requirement ratio for China's big commercial banks up to 21 percent, a historic high. 

But this has done little to curb public fears about inflation.

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