China repeats efforts to curb liquidity

The People's Bank of China said on Thursday that it will introduce a raft of further measures to control what it described as the country's "severe" liquidity problem.

The measures proposed, according to local news reports, include central bank and treasury bond issues, and hiking the reserve requirement ratio - the amount of reserves banks must hold as a proportion of liabilities. Interest rates and exchange rates policies will also be more coordinated "so as to stabilise inflation anticipat