Tuesday, 28 February 2012

China Resetting Its Financial Programs

The entire world economy was hard hit by the latest recession. A lot of people found themselves without jobs when inflation occurred as a result of recession. But, little did we know that the lay-offs and the closing down of factories were just previews of what was yet to come. To make sure that it is ready for the challenging days ahead, China increased its stock on cash by raising the reserve requirement ratio.The country's cash on hand dramatically

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