Thursday, Jul 19, 2007
China's economy grew at the fastest pace in 12 years in the second quarter and inflation surged, prompting speculation the government will allow quicker currency appreciation and raise interest rates.
bloomberg.com: China's Economy Grows at Fastest Pace in 12 Years
Accelerating inflation and a rebound in fixed-asset investment heighten the risk of overheating,'' said Wang Qing, chief China economist at Morgan Stanley in Hong Kong. ``Demand in key sectors is not outstripping supply yet, but the government is concerned.''
Posted by chris :-)) @ 05:52 AM (112 views) Add Comment
2 Comments
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1. Scott said...
If the UK was run like China, the MPC would be facing the death penalty this autumn, no joke.
2. japanese uncle said...
Summary execution on the street.