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Shanghai residents put more savings in banks

by Zhang Fengming

TERM deposits in Shanghai rose robustly in November as households dashed to deposit money in bank accounts, fearing a further interest rate cut will trim their returns, the central bank said yesterday. New household...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200812/20081210/article_383899.htm"> Shanghai residents put more savings in banks </a> by -- TERM deposits in Shanghai rose robustly in November as households dashed to deposit money in bank accounts, fearing a further interest rate cut will trim their returns, the central bank said yesterday. New household... </p>