Posted by: mulrickillion | December 1, 2011

Inflation Fears Easing, China’s Central Bank Turns to Lifting Growth

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Empty apartments at a new residential area in Shanghai. Apartment prices have fallen sharply in some Chinese cities this fall. Carlos Barria / Reuters.

By Keith Bradsher, Nov 30,, 2011 —

HONG KONG — China’s central bank, in a surprise move on Wednesday, shifted its economic focus from fighting inflation to stimulating growth by freeing the nation’s commercial banks to lend more money. . . .

Inflation Fears Easing, China’s Central Bank Turns to Lifting Growth – NYTimes.com

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See also Reserve ratio for banks decreased

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