China focus remains on inflation fight

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On Monday, the People's Bank of China said fighting inflation would remain the top priority for the country in the second half of 2011.

Pushing forward financial reform and development work to "improve the central bank financial services and management" were also mentioned in the statement posted on the central bank's website.

Continuing to "guide financial institutions to strengthen the interest rate pricing mechanism, promoting market-oriented interest rate reform" was also mentioned.

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