From Business Report:
A spurt in Chinese consumer prices has sparked fears of a worldwide inflationary surge at a time of rising oil and food costs and upward wage pressures.
Driven by the food sector, Chinese inflation surpassed the preferred 3 percent annual threshold over the past few months and came to 4.4 percent in June. But Nicolas Bouzou of French research group Asteres said that with growth between 11 percent and 12 percent a year and “a very much undervalued currency, I have a hard time believing that Chinese inflation is only 4 percent”.[Full Text]
