Chinese leaders say they will tighten monetary policy in 2011, a sign that authorities are increasingly concerned about rising inflation.
The Politburo decided that China’s monetary policy should shift “from relatively loose to prudent next year,” The New York Times said, citing a report in state news agency Xinhua.
The Politburo is an elite nine-member team at the top of the political hierarchy….
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China to Tighten Monetary Policy in 2011 originally appeared on DailyFinance on Fri, 03 Dec 2010 07:57:00.
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