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More Chinese Rate Hikes to Come?

Wednesday, 20 Oct 2010 | 5:30 AM ET

JJ Burns, President of JJ Burns & Company told CNBC China knows it has a potential inflation problem, and it also knows that the Fed wants to engineer asset inflation. â??That means that likely more hot money is going to be coming through the way of China. They want to monitor that. This is probably one of many more rate hikes that we can envision,â? he said.