China's gross domestic product rose 9.5 percent year-on-year in the second quarter of 2011,
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These tightening moves have already taken effect as the country's economic growth rate was now slowing gradually,
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BEIJING - China's economy is heading for a soft landing,
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Fan also noted it's very difficult to control by domestic policies imported inflation caused by developed economies' quantitative easing.
Fan said inflation would ease in the second half of the year as the effect of interest rate rises usually can be seen in about six to nine months,
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分享按钮 0 2011-07-17 20:01:49.0Chinese economy heading for soft landingFan Gang,
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To soak up liquidity,
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