China should maintain its macro control strength following interest – Xinhua

From Xinhua, via The People’s Daily:

Economists believe China should continue to strengthen its macro control policies following the rise in interest rates announced on Friday.

China raised its benchmark by 0.27 percent to prevent possible overheating in its economic boom – the second hike this year.

It will take some time for the interest rate adjustment to take effect and the macro control measures must be strengthened, said Wang Xiaoguang, economist with the National Development and Reform Commission. [Full Text]

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