China's consumer price index of November rose by 5.1 percent year on year, the fastest clip in 28 months, giving rise to greater concern over tightening measures from both consumers and analysts.
China's central bank Friday announced the third increase of the reserve requirement ratio (RRR) for banks in a month, an unprecedented move pointing to the urgency of curbing runaway lending amid accelerating inflation. The People's Bank of China (PBOC) said on its website that it would lift the bank reserve requirement ratio by 50 basis points from December 20. Banks will have to set aside 18.5 percent of their reserves after the sixth such hike this year.
Refer back to my post in 20-11 2010:-
Uncertainties are ahead of us in the stock market. Maybe is time to reduce shareholding and hold cash. With the cash, we may be able to enjoy the "good cheap sales" after selling down due to market adjustment.
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