In order to counteract inflation, China's central bank has announced that it will raise the deposit reserve requirement ratio by 0.5 percentage points from April 21 - the fourth increase in the current year. Accordingly, the deposit reserve ratio for large domestic banks will reach an all-time high of 20.5 percent.
Meanwhile, according to a release from China's National Statistics Bureau on April 15, the consumer price index in China increased by five percent in Q1 as compared with the corresponding quarter of 2010.