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China is planning to set up a 'meat reserve' if the domestic pork and poultry prices keep rising, the media reported, days after pork hit a record high in parts of China.
CHINA has raised the amount of money banks must hold in reserve for the fourth time this year, reducing the amount available for lending in a new effort to cool an investment boom.
THE release on Thursday of China's key economic figures has prompted market speculation that authorities might once again raise interest rates to maintain stable growth.
INFLATION in China reached 2.7% in February, official statistics showed yesterday, increasing the pressure on the central bank to raise the interest rate.
Inflation in China might reach a two-year high in February, according to a poll of 21 economists by Bloomberg News, increasing the pressure on the central bank to raise interest rates.
Commercial and industrial consumers will have to pay more for electricity from April 1, when the new Syarikat Sesco Bhd tariff comes into effect.
The Consumer Price Index (CPI) for January increased by 3.2% to 105.1 from 101.8 in the same month last year.
The consumer price index (CPI) rose to 3.6% in 2006 from 3% in the previous year, according to the Statistics Department.
CENTRAL government agencies have pledged to monitor closely any possible inflation after recent reports about food price increases.
CHINA'S gross domestic product (GDP) is estimated to exceed 20 trillion yuan (RM9tril) this year, up 10.5% over 2005, said Ma Kai, Minister of the State Development and Reform Commission (SDRC) in Beijing last Saturday.
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