As investors cheer China's decision not to raise rates last weekend, FT's Lex argues inaction in...

|By:, SA News Editor

As investors cheer China's decision not to raise rates last weekend, FT's Lex argues inaction in the face of rampant growth in money supply, production, investment, and inflation "should prompt concern, not a rush to take on more risks." Gavekal suggests inflation may be about to peak, taking away the pressure for rate hikes.