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June 18 |
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| mediaman Chairman speaks about new trends |
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June 18 |
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| Howard Johnson goes online |
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China raises reserve ratio for banks |
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China on Friday raised the amount of money banks must hold in reserve for the fourth time in a year, cutting the amount available for lending in a new effort to cool sizzling economic growth.
The ratio will increase by 0.5 percentage point on Jan. 15, the central bank said on its Web site. That would raise the amount of money that banks are required to keep on deposit with the government to 9 percent of their deposits.
The central bank is trying to contain a boom in lending and real estate development that the government worries could ignite inflation or a debt crisis.
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