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China just announced a 0.5 reserve requirement hike, the third hike already in 2011.
Shanghai stocks dived on rumors of a hike over the weekend.
China is expected to hike rates significantly over the year to tame inflation. Previous moves includes a 0.25 hike on Feb. 8 and a 0.5 hike on Jan. 20.
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Full story at http://feedproxy.google.com/~r/businessinsider/~3/zKm9lxlVSdA/china-reserve-requirement-2011-2
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