Wbile the U.S. Federal Reserveannounced a second round of quan-titative easing (QE2) on November 3,China"s cenlral bank is tightening its moneysupply.
　　The People"s Bank of China raised thereserve requirement ratio for all financialinstitutions by 0.5 percentage points onNovember 16, the fourth time this year theratio has been raised.

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