China raises required reserves as inflation stirs (Reuters)

[Mgtrben news]

Reuters - China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise.

Source (http://us.rd.*****.com/dailynews/rss/asia/*http://news.*****.com/s/nm/20100503/bs_nm/us_china_economy_rrr)