Chris Mason: Will Burnham find PMQs as 'nail biting' and 'nerve wracking'
as Blair did?
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Curiously, the questions at lunchtime may well feel like a minor extension
of what he faced on Tuesday, the BBC's political editor writes.
5 hours ago

Policymakers in China, the world’s third largest economy behind the U.S. and EU, face their own set of tough choices. Rapid growth rate has fueled inflation that is running at a double-digit rate, according to analysts -- much higher than official targets. To contain inflation, Beijing has raised interest rates five times and lifted banks' reserve requirements nine times since October. If it clamps down too hard, though, a deeper economic slowdown could reverse China's efforts to lift hundreds of millions of people out of poverty.
ReplyDeleteChina is also coping with a banking hangover of its own, after years of massive government lending for expansion of state-owned enterprises an infrastructure upgrades.