This link has been bookmarked by 3 people . It was first bookmarked on 15 Oct 2007, by a77ila.
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16 Oct 07
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Internationally, the price of imports from China will come up
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If the pattern continues, things could get complicated for central bankers around the world, and for U.S. central-bank chairman Ben Bernanke in particular. Beset by a slowing economy amid the subprime loan meltdown, Bernanke is trying to ease interest rates without triggering higher inflation. Additional inflationary pressure from one of America's largest trading partners will undermine his ability to reduce rates further to prevent the U.S. economy from stalling.
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Demand from China, along with other fast-growing emerging economies, has driven up the price of oil and a wide range of other commodities for the past several years >. But what's really worrying many economists is the sudden appearance of relatively high inflation within China and the ripples that might cause abroad.
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Moves like the latter one could wind up stoking the fires of global inflation
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to allay public anxiety about eroding paychecks, Beijing has been encouraging local governments to raise minimum wages
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it will be an inflationary influence over the next 10 years.
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15 Oct 07
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