China central bank warns of near-term deflation risk (Feb 23)

BEIJING, Feb. 23 (Xinhua) -- China's central bank on Monday warned of deflation in the near term caused by continuing downward pressure on prices.

Commodities prices were low and weak external demand could exacerbate domestic over-capacity, the People's Bank of China (PBOC) said in an assessment of fourth-quarter monetary policy.

For more: http://news.xinhuanet.com/english/2009-02/23/content_10880471.htm


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