Once again, China has raised reserve requirements for banks to slow down lending and, hopefully, slow inflation, too. China reports that inflation accelerated to 4.9% in January. Part of the reason is that drought has damaged China 's grain production and food prices are up. Chinese banks lent $158...
Posted to
Daily Profit
by
Ian Wyatt
on
02-22-2011
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Filed under: Ian Wyatt, oil stocks, oil, inflation, China, China stocks, dollar, Bakken, oil prices, U.S. dollar, Middle East, Facebook