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Friday, September 14, 2007

Chinese Economy Is Burning Too Hot

clipped from
China Raises Interest Rates Again

BEIJING (AP) -- China raised interest rates Friday for a fifth time this year in a bid to curb rising inflation amid signs previous efforts to cool the sizzling economy were having little effect.

The economy, which expanded by 11.9 percent last quarter, is still powering ahead despite repeated rate increases, investment curbs and measures to shrink credit.

Even lead-contaminated toys and mercury-contaminated toothpaste can't stop them!



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