China continues its tightening policy

Note: This section contains information in English only.
Source: China.oorg.cn
© Scanpix/Reuters
The People's Bank of China announced continuation of its prudent monetary policy aimed at slowing down exorbitant GDP growth and decreasing inflation rate. GDP in Q3 grew only by 9.1% as compared to more than 10% in previous years. CPI also went up only by 5.5% being the lowest since May. At the same the bank is ready to fine tune its monetary policy if needed.
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