Economic Following: China Raises Interest Rates

Tuesday, 8 February 2011

The Chinese central bank has raised interest rates to 6.06% to tackle inflation.

The Chinese economy has experience strong growth, 9.8% in the past three months, however there are some bearish views from speculators who are predicting a housing bubble due to spiralling costs among other factors.

http://www.telegraph.co.uk/finance/economics/8310887/China-raises-interest-rates-for-third-time-in-four-months.html

http://www.telegraph.co.uk/finance/china-business/8290457/China-syndrome-means-country-faces-dangerous-property-bubble.html

SportsGuyBrandon8 February 2011 at 13:08
China is a smart country, imo.
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OIC8 February 2011 at 13:59
"communist", right
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CandleintheDark9 February 2011 at 03:43
Hmm, interesting. I wonder how this will affect them down the line
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umadmoviereviews11 February 2011 at 03:59
They are going to be seeing the same problems as the US soon if they aren't careful about their rates. Wouldn't wish our debacle on anyone else.
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