China may raise interest rates
With Olympics getting over and lot of related investments turning redundant, and with record high inflation, things are likely to become tougher for the Chinese people in coming months. Though oil has cooled off to 120 dollars level, that is still nearly 100% higher that what it was a year ago. The exports of China are also expected to come down in coming months due to weak US and Europe and that can add to the Chinese problems in coming months, say experts.