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China To Raise I R Again

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China to raise interest rates within month - report
9:56, Wednesday 2 February 2011
) - China will likely raise interest rates again within the month, the New York Times (NYSE: NYT - news) reported on Wednesday, citing a forecast of economists and bankers with knowledge of the thinking of Chinese policymakers.

Part of a global trend to take heat out of the commodity market and get money back into cash paying higher IR?

Does it really matter what the Chnese do as IR hikes will only impact their home market?

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