Friday, July 20, 2007

China economy tolls worries for the communist government!

With Chinese economy surging far ahead of expectations,this only brings a much bigger headache for the current government who are doing their utmost to cool the already overheated economy.the latest move by the chinese government was to increase the interest rates.but that does not seem to have cooled the economy by any means.
The chinese government is fast running out of options and if they do not rein the economy sooner than later,inflation is going to sky rocket and thats only the least of their worries.the chinese yuan,which is ridiculously under valued may soon be undergoing a facelift of sorts.but there are a few economists who are predicting that the chinese economy would not slow down inspite of all the governments efforts and it can already be labelled as a runaway economy.well,if there was a time to buy yuan to make a quick profit,the time is now!

economy,china,inflation,purchase,dollar,forex,

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