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Reserve ratio hike postponed in quake-hit areas
To support ongoing quake relief activities in Sichuan Province, the central bank has given financial institutions in six places approval to postpone a reserve ratio hike policy, the first time that has happened in China.
China's economy won't see galloping inflation
Despite global inflation, the Chinese economy is unlikely to see galloping inflation thanks to its own growing impetus, said Su Ning, vice governor of the PBOC, on Thursday. It is imperative for the Chinese government to pay close attention to inflation pressure in the future.
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Chinese president arrives in Sichuan quake area, while premier vows no give-up in saving lives
Chinese President Hu Jintao arrived in Mianyang, a city in quake-hit southwestern Sichuan Province, after more than two hours of flight from Beijing on Friday morning.
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CBS buys CNet for $1.8 bln
Media company CBS Corp. announced Thursday that it is buying CNet Networks Inc., an online news and information provider for 1.8 billion U.S. dollars.
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Oil prices slightly down after fluctuation, 05/15
Crude futures moved slightly down Thursday after fluctuating between 120 and 127 U.S. dollars a barrel, due to mixed news on global supply and demand.
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Develop micro-finance
The guideline the People's Bank of China and the China Banking Regulatory Commission recently issued on pilot schemes of small-sum loan companies is a much-needed step to facilitate faster development of micro-finance in China.
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Chinese (ÖÐÎÄ°æ)
