The move came after China announced on May 18 hikes of benchmark interest rates and bank reserve requirement as well as widening yuan floating range against the U.S. dollar, in a bid to curb excessive liquidity and cool the overheated economy.
The move came after China announced on May 18 hikes of benchmark interest rates and bank reserve requirement as well as widening yuan floating range against the U.S. dollar, in a bid to curb excessive liquidity and cool the overheated economy.
这项举措是国家在5月18日宣布了提高基准利率和银行存款要求以及放宽对美元的浮动范围后所推出的,旨在控制过多的流动资金以及给过热的经济降温.