Subscribe to the BlogChinese Premier wants the inflation for 2010 to be at 3% but the way the prices have been shooting up in the last few months, it is going to be a tough job out there for him. The crude oil prices are shooting up as also all the major industrial commodities.
And people across Chinese cities are buying out properties at sky high rates, as if there is no tomorrow. So all these things may lead to the overall inflation rate shooting up beyond 4% in the next few months. Also the interest rates might be heading upwards in the coming months due to international developments, which also could aid further inflation in China.