China Price Gains Pose Risk to Asia’s 2011 Growth, Fitch Says

Inflation in China could hinder Asia’s economic growth and damage the ratings outlook for countries in the region this year, according to Fitch Ratings.

China’s policy makers are likely to face greater difficulty as the world’s fastest-growing major economy battles “hot money inflows” and consumer prices that rose 4.6 percent in December after advancing 5.1 percent in November, Andrew Colquhoun, Senior Director and Head of Asia Pacific Sovereigns, said today.