PBOC to stick to ‘tight’ stance

PBOC to stick to ‘tight’ stance
Goldman Sachs raises China’s 2008 inflation forecast to 6.8%

To the extent ‘actual inflation’ (whatever that actually is- I realize the difficulties in that statement) is higher ‘actual real growth’ (same qualifications) is lower.

Might partially explain high sustained rates of ‘real’ growth?

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