China’s inflation is expected to hit a new high in November, increasing possibilities of interest rates hikes.
Chinese commercial banks were asked to set aside more than 2.5 percent of their total loans to cover potential non-performing loans .
Chinese banks had already issued new yuan loans totalling 6.9 trillion yuan in the first ten months, making it hard to meet the government's 2010 target.
Chinese currency renminbi, or the yuan, will not follow the yen’s strong appreciation around 1985 that leading to a decade’s decline for Japan.
Chinese government is likely to unveil a string of monetary tightening policies, including increasing deposit requirements, hiking interest rates and letting its currency appreciate amid inflation concerns.
Chinese government named 13 SOEs as pilot companies to distribute stock appreciation rights to employees.
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