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Bill rate shows confidence in policies

by Joy Wang

THE People's Bank of China, the central bank, issued three-month bills of 50 billion yuan (US$7.3 billion) yesterday at a yield of 1.0053 percent, much lower than market expectations. It exemplified China's firm...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200812/20081226/article_385915.htm"> Bill rate shows confidence in policies </a> by -- THE People's Bank of China, the central bank, issued three-month bills of 50 billion yuan (US$7.3 billion) yesterday at a yield of 1.0053 percent, much lower than market expectations. It exemplified China's firm... </p>