RENEE MONTAGNE, host:
Our business news starts with rising inflation in the world's fastest growing economy.
The Chinese government has imposed a freeze on prices. China is attempting to stop inflation - now at its highest rate in more than a decade.
It started with a spike in the price of pork, China's staple meat. That's sent up the price of everything from oil to the cost of parking.
And inflation is more than a domestic concern. It could drive up wages and the price of goods produced for export. Pretty soon consumers elsewhere would be feeling it, too, especially in the U.S., China's biggest export market.
Copyright © 2007 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.
Accuracy and availability of NPR transcripts may vary. Transcript text may be revised to correct errors or match updates to audio. Audio on npr.org may be edited after its original broadcast or publication. The authoritative record of NPR’s programming is the audio record.