Today Beijing raised the interest rate for the third time since October to try to help inflation worries. They raised the one year deposit rate up to 3 percent and its one year lending rate to 6.06 percent, both by rising by a quarter of a percentage point.
Growth rate last year was at 10.3 percent, up from 9.2% in 2009 but inflation is 4.6%.
Inflows of cash from overseas and easy credit have caused the rates to rise all year.
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