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Accoring to the report and the annouance form conomists ,it said that chance China could slip into deflation, increasing the likelihood that policymakers at the People’s Bank of China would respond by further cutting interest rates. The Bank cut rates for the first time in more than two years in an attempt to boost the economy.
China’s inflation rate picked up slightly in December but remained sharply below the official target, signalling persistent weakness in the world’s second largest economy as a US investment bank warned that a credit crunch in China is “highly probable” this year.China’s economy and the occupied cities. The location conditions of financial centres may be summarized as follows: the location of trade centre, the factors of geographical position, the circumstances of finance, etc.. We consider that the first batch of financial centres in China should be established in the eastern cities of China.
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About the financial liberalisation and a further integration into the global financial architecture , ATAHK we are high on the agenda of China’s current leadership. An overhaul of the fiscal system is another reform priority.
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