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Post by jeffolie on Jul 23, 2007 14:41:48 GMT -6
China's Exported Inflation May Signal Interest-Rate Pressures By Simon Kennedy and John Fraher Yangshan Deep Water Port, near Shanghai July 23 (Bloomberg) -- The rising cost of goods the U.S. imports from China may be an early warning signal that central bankers from the U.K. to India are about to pay a price for a cause they've championed: globalization. China, a source of cheap manufactured products for the past two decades, may be starting to export inflation as the world economy grows at the fastest pace in a generation. Prices of U.S. imports from China increased 0.3 percent in May from the previous month -- ``the first sign I've seen that this disinflationary pressure'' from China's cheap goods may be fading, former Federal Reserve Chairman Alan Greenspan said last month. Prices rose 0.3 percent again in June, the biggest back- to-back increase since record-keeping began in December 2003. www.bloomberg.com/apps/news?pid=20601087&sid=a8DNBoVWx36M&refer=worldwide
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Post by blueneck on Jul 23, 2007 17:04:33 GMT -6
Good news perhaps?
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