China’s Inflation Lingers At 10-year High As Wen Calls For Stable Prices – AFP

From AFP:

China’s lingered at 10-year highs in October, the government said Tuesday, as major state newspapers carried a vow by Premier Wen Jiabao to stabilise prices.

The index was up 6.5 percent last month from a year earlier, compared wth 6.2 percent in September and 6.5 percent in August, the National Bureau of Statistics.

China’s economy grew by 11.5 percent in the third quarter and seems all but certain to record its fourth consecutive year of double-digit growth in 2007. [Full Text]



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