ôIt makes you wonder who actually controls economic activity in the country,ö says one banker.
One lesson is that despite ChinaÆs successful insulation from the subprime debacle in the US, its economic system faces its own special problems.
The interest rate hike announced on Tuesday pushes the cost of the one-year lending rate up 0.18 percentage points to 7.02% û the fourth rate increase this year, and one which will probably be equally ineffective....
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