World on "red alert" over China's inflation

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PostMon Jan 03, 2011 6:07 am » by Spreadthetruth


China could be hit by inflation of 7pc to 8pc over the next two months, panicking Beijing's policy-makers into dramatically raising interest rates, economists have warned.
The prospect of at least four further interest rate rises in the world's second-largest economy is likely to alarm global markets, which tumbled in shock at China's decision to raise rates on Christmas Day.

However, inflation has become the central concern for the Communist Party, which is struggling to contain growing outrage in the People's Republic over rising prices.

"If you look at the sequential growth over the last two months, inflation is rising at double digits. In the very worst-case scenario, if Beijing does not take action, we could see double-digit inflation this year," said Yu Song, chief China economist at Goldman Sachs.more
http://beforeitsnews.com/story/336/521/ ... ation.html

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PostMon Jan 03, 2011 6:22 am » by Mediasorcerer


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