China's inflation rate hits a two-year high

summary:
China's inflation rate has increasing two years and rises in food prises, despite the government's efforts to damp price rises. In September, inflation rate was 3.6% and October was higher than 4.4% so the government needed to control price rises. Beijing introduced raising interest rates and curbing bank lending to reduce rapid economic growth and rises.

comments:
Chinese economic growth rate is remarkable and also china has problems because of high economic growth. This problem is one of its. I think this problem is little bit similar to past of Japanese economic condition. After world war 2, Japanese economic had been growing up but also has a problem about high inflation rate in the 1980s. It called bubble economy. This problem occurred to because of Plaza accord. The low interest rate had been long term so fund concentrated on stock and land. I think this is the best choice to China introduced raising interest rates.

-Yuno
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