Tuesday, May 11, 2010

China’s April Inflation Accelerates, Lending Surges (Update1)

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0cJCm6tlqVg&pos=1

The central bank said yesterday that the nation faces increasing risks to “price stability,” citing loose global monetary conditions, rising commodity prices and the world’s recovery. Rising labor, resource and environmental costs in China may push up prices, it added.

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