摘要
TO THE POINT:Immediately after the announcement of the first quarter economic performance figure on April 16,the central bank de- cided to raise the reserve requirement ratio by another 0.5 percentage points to 16 percent,the highest in history,as part of its commit- ment to enforce tightened monetary policy.It will freeze 200 billion yuan ($28.6 billion)in liquidity and bank loans will be further capped. Officials admitted the Chinese economy is facing overall inflation risk, while government intervention into price hikes did not help reduce sur- ging consumer price index (CPI),which surged 8 percent in the first quarter.The first-quarter export slowdown hurt the gross domestic product (GDP) growth,and the government feared international inflati- on could be transferred into China through imports.
TO THE POINT:Immediately after the announcement of the first quarter economic performance figure on April 16,the central bank de- cided to raise the reserve requirement ratio by another 0.5 percentage points to 16 percent,the highest in history,as part of its commit- ment to enforce tightened monetary policy.It will freeze 200 billion yuan ($28.6 billion)in liquidity and bank loans will be further capped. Officials admitted the Chinese economy is facing overall inflation risk, while government intervention into price hikes did not help reduce sur- ging consumer price index (CPI),which surged 8 percent in the first quarter.The first-quarter export slowdown hurt the gross domestic product (GDP) growth,and the government feared international inflati- on could be transferred into China through imports.
