China Inflation Fears
Published / Last Updated on 10/06/2010
by Ashley Clark, Director
China’s May 2010 inflation report showed price rises are now at a 19-month high. The government are playing down the figures by claiming that inflationary pressures are decreasing as a gradual tightening of monetary policy is applied.
The inflation figure for May was 3.1%, up from 2.8% in April.
The US Treasury has called for China’s currency to appreciate and for interest rates to be increased.
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