» 12/23/2010, 00.00
Pricey onions threaten India’s growth and government
India’s rapid economic growth is unequally distributed. Some states and social groups benefit as the poor languish. Rapidly rising food prices are fuelling social dissatisfaction in a country where tens of millions of people still lack adequate nutrition.
Inflation fears as Chinese economy grows
Growth of 10.3% in 2010, The last quarter was 9.8, higher than expected 9.6. Inflation remains high, at 4.6. Curbing the growth of prices is the government's priority. Halt on bank loans and rising interest rates so far do not seem to have produced the desired effects.
With an eye on inflation, growth of Chinese economy slows
A growth of 9.5 in the second quarter (compared to 9.7 in the first quarter). Shanghai and Hong Kong stock exchange recover ground. But inflation remains at 6.4, prices for foodstuffs rose by 14%, pork 57%. Fears of social unrest. International Monetary Fund, Lagarde chooses the Chinese Zhu Min as vice-director.
Inflation rises even faster than the economy
The consumer price index jumps 4.4 per cent in June, a 33-month high. Food like meat and grain are the main culprit. Wages rise but at a slower pace. Experts warn of a growing gap between the rich and the hundreds of million of poor.
Chinese inflation remains high, economic growth slows
Inflation at 7.1% in June, while producer prices increase 8.8%, a more than 10-year record. China faces the dilemma of containing inflation without impairing production too seriously. Meanwhile, the worst energy crisis in years approaches.
China raising bank reserve ratio for the fourth time this year
The seventh increase of its kind since October 2010, the measure is meant to fight inflation, which hit 5.4 per cent in March. Experts agree that Beijing will have to appreciate the yuan to stop prices from rising. Without it, hundreds of millions of middle income Chinese could fall into a downward spiral, causing social tensions.
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