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Foundry Daily News

17. August 2007

Chinese Bank Warns of Rapid Growth

The People's Central Bank alerted on Monday that China's accelerated nonstop growth could force the bank to adopt measure to prevent economic overheating. 

Central Bank Vice President Zhang Tao told China Securities Journal that such indicators as the rates of sustained and strong GDP, fixed active investment, inflation and credit could put the Chinese economy in a dangerous zone.

He added that China will continue tightening its moderate monetary policy in the second half of the year and enforce measures to absorb liquidity.

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