Friday, May 14

China's inflation at 7-year high


Mr Wen is concerned by inflation
China's annual rate of inflation hit a seven-year high in April, underlining fears that the economy is overheating.


The sheer amount of raw material that China is using is incredible. The Asian giant is the world's sixth largest economy and fourth biggest exporter and its appetite for raw materials has pushed up prices worldwide.

In 2003, China consumed 27% of world steel, 31% of coal and 40% of cement.

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