| Abstract: | By ordering another hike of the reserve requirement ratio, China is sparing no effort to dampen inflation. The central bank starts a trial currency program, under which qualified Chinese companies can settle their overseas direct investments in Chinese currency, the yuan. China remains the largest foreign holder of U.S. Treasury securities, even after shedding $11.2 billion in November 2010. State-owned enterprises reap handsome profits, drawing strength from the buoyant economy. China has become the countr... |
