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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: heinz44	2/19/2007 7:56:03 PM
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Hyperinflation in China and India- real major concerns Babu Ghanta Feb. 18, 2007 indiadaily.com Both Chinese and Indian central banks are worried. Both the Governments are defending the recent trend in inflation. The inflation if unchecked will cause major economic recessions in both the countries. According to media reports, China's booming economy, growing at double-digit levels, is facing increased inflationary pressures this year, the central bank warned here Sunday. Although the consumer price index (CPI) was a moderate 1.5 per cent in 2006, there is increased pressure on price hikes this year, the People's Bank of China (PBOC) said. India facing flak over skyrocketing prices, the budget session of Indian Parliament beginning February 23 is expected to be tumultuous as friends and foes have given hints of cornering the Manmohan Singh government. Finance Minister P Chidambaram and Agriculture Minister Sharad Pawar are likely to come under the scanner of the opposition and certain allies in the three-month long session, being held in the backdrop of record inflation since the coalition came to power in 2004.

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