Wednesday, November 17, 2010

China's Inflated Problems

Well, it appears that China's growth has fueled inflation in food prices.

"Inflation accelerated to 4.4% in October, with food prices rising 10.1%.

The government also said it had not ruled out price controls if current grain and vegetable shortages worsen.

Meanwhile the Shanghai stock exchange has fallen nearly 10% in four days on fears of more interest rate rises in response to the price rises."

Growth has a dark side

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