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| Thursday, August 28, 2008 14:01:46 |
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November 12, 2007
Who says inflation can’t kill? As Jamil Anderlini writes in the Financial Times, three people were killed and 31 injured in a stampede at a Carrefour supermarket in the western Chinese city of Chongqing over the weekend as shoppers slugged it out over five-litre bottles of rapeseed oil going at a 20% discount.The promotion came after wholesale vegetabl...
November 10, 2007
-China’s inflation probably increased in October as food prices continued to rise. While many believe that China’s inflation will be short-lived the central bank is taking no chances and over the weekend raised the reserve ratio requirement in all banks by 0.5 percentage points to 13.5%, which is the ninth time this year the ratio has been raise...
November 08, 2007
Comments from Cheng Siwei, vice chairman of the National People's Congress, on Wednesday that the world’s fourth-largest economy would reduce its holdings of US dollar assets contributed to falling stock markets in Asia Thursday, the Financial Times reported. The dollar tumbled to a record low against the euro and a basket of major currencies overn...
-The Shanghai Composite Index tumbled 271.76 points, its worst decline in four months. The decline was led by oil and property stocks who have been battered by rising oil prices and slowing demand in the housing sector. In a sign that China’s housing sector is finally starting to slow VanKe China’s largest property developer reported that p...
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