Economy growth in China risked dire inflation

BANGKOK, 28 November 2009 (NNT) – The world should be aware of another burst of the bubble economy due to the fast economic growth in China, according to the Minister of Finance, Mr Korn Chatikavanij.

Mr Korn spoke today at the Thai Journalist Association executive seminar that the explosive economic growth in China might affect the global economy. He stated that the world might be hit by the inflation shock if China’s economy continued to jump against the global economic trend.

The Minister said that the economy performance in Thailand has been gradually improved at a satisfactory level. He affirmed the recent economic crisis in Dubai would not affect the flow of Thailand’s economy as Dubai can sell off its high valued assets as a part of the economy restructuring process.