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12/11/2010 BEIJING-- Chinese inflation soared past forecasts to a 28-month high in November and showed signs of spreading beyond food prices, putting pressure on the government to ratchet up its monetary tightening.

A day before the data,
China’s central bank raised lenders’ reserve requirements for the third time in a month to sop up some of the excess cash in the economy that is driving prices higher. With inflation on the march, analysts said that more resolute action was needed.

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