The rate will be increased to 1.5 percent starting from Feb. 21, the People's Bank of China (PBOC) said in a statement. The current rate is 0.35 percent or 1.1 percent, depending on when the deposits were placed.
The housing provident fund is a saving program that allows employees and employers to set aside a portion of wages that can be used as mortgage deposits.
China readies iron ore and steel for war
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The mystery for iron ore traders is not why the price is $100 or $120. It
is why the price is not at $50 and falling. Iron ore is pumping out of
every ma...
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