China raises rates, Wen Jiabao confident of containing inflation (WSJ)
what it is is that they are betting on Confucian morality being able to overcome the gravitational pull of human nature... I mean, the whole thing is fascinating to watch, it really is... where there is relative consistency and predictability markets can adapt just fine, but of course, that doesn't mean all systems are equally good! :)
Here is an everyday look at inflation in China
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