From BBC News:
China’s central bank has raised interest rates for the sixth time this year, adding to its efforts to cool the country’s surging inflation.
The benchmark lending rate will rise to 7.47% from 7.29% with effect from Friday, while the main deposit rate will increase to 4.14% from 3.87%. Chinese inflation hit 6.9% in November, its highest level since 1996. Separately, Beijing has promised to double subsidies for pig farmers to ensure pork supplies and lower prices. [Full Text]
[Image: Pork is a staple of the Chinese diet, from AP.]
