Inflation Threat To China And India |
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January 15, 2010
Inflation is emerging as the key economic problem for India and China as growth surges in the wake of the global financial crisis, the Asian Development Bank warned on Friday.
Inflation is emerging as the key economic problem for India and China as growth surges in the wake of the global financial crisis, the Asian Development Bank warned on Friday.
The ADB also said that south-east Asian economies would need to make significant financial, fiscal and structural adjustments to protect themselves against future economic shocks.
Haruhiko Kuroda, the ADB’s president, told a regional forum on the crisis in Manila that China’s surprise increase in bank reserve requirements on Tuesday was ”appropriate” for the risks facing the world’s third-biggest economy.
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