Australian Market Report of January 22: China's Inflation Concern

  Sydney, Australia, Jan 21, 2010 - (ABN Newswire) - Australian sharemarket dropped on Thursday due to concerns that China's bank lending halt may hit the global economy recovery. Chinese government data showed that GDP increased by 8.7 per cent in 2009 but inflation surged towards the end of the year. The results fuelled the expectations that China will introduce more measures to slow inflation.  

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