A drought in the United States has pushed up corn prices in China, adding to the risk of inflation. Photo: Reuters A drought in the United States has pushed up corn prices in China, adding to the risk of inflation. Photo: Reuters
A drought in the United States has pushed up corn prices in China, adding to the risk of inflation. Photo: Reuters
China economy

Running out of interest rate room

Record grain prices are raising the spectre of inflation across the country, encroaching on the central bank's scope to cut interest rates

Topic |   China economy
A drought in the United States has pushed up corn prices in China, adding to the risk of inflation. Photo: Reuters A drought in the United States has pushed up corn prices in China, adding to the risk of inflation. Photo: Reuters
A drought in the United States has pushed up corn prices in China, adding to the risk of inflation. Photo: Reuters
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