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Impact of China's Surprise Fuel Hike

Thursday, 19 Jun 2008 | 10:20 PM ET

China's move to hike fuel prices will not have a big impact on its inflation. Frederic Neumann, Asia Pacific economist at HSBC tells CNBC's Amanda Drury & Sri Jegarajah that China's headline inflation would rise 0.6% - 1% over the next few months.