MARKET WATCH
2008-03-27LIUYUNYUN
Beijing Review 2008年1期
LIUYUNYUN
TO THE POINT: China's central bank increased the interest rate for the sixth time in 2007 to try to prevent excessive liquidity. The government banned around 600 items from the low value-added processing industry,and decided to import grain products at a higher cost to ease domestic shortages. The country is now reading a law draft in order to safeguard state-owned assets. The stock market rebounded after its largest monthly drop in history, and trading activities in a mysterious account was suspected of causing the stock market disaster.