China's money supply showed slowing growth in January, rising 14% year-over-year to RMB26bn, compared to 18.1% for the same period last year, the central bank announced. The government has been tightening credit since late 2003 to rein in an overheating economy, and in October raised interest rates for the first time in more than nine years. These measures slowed the pace of money supply growth from a peak of 21.6% in August 2003.
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