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Inflation Eroding China Deposits Feeds Asset Pressure

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REAL RATES SKEW INCENTIVES
"China’s accelerating inflation has started to erode household savings, threatening to spur purchases of property and stocks and fuel asset-price pressures," Bloomberg reports. "Consumer prices rose a more-than-forecast 2.7 percent in February, the most in 16 months, the statistics bureau said in Beijing yesterday. The increase means the rate exceeds the one- year deposit rate of 2.25 percent."
SOURCE:   Bloomberg

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