China raise interest rate again

--China raise interest rate for the sixth time this year, a move intended to ease inflation concern --The central bank raised one-year benchmark deposit rates by 27 basis points to 4.14 per cent, and one-year lending rates by 18 basis points to 7.47 per cent. --Fuelled by soaring prices for pork, Chinese consumer inflation hit 6.9% in November and looks likely to persist longer than officials had hoped. --In a sign that previous efforts to promote pig-rearing are proving insufficient, the government this week promised to double its subsidy to farmers for each fertile sow to Rmb100 next year and to give Rmb2.5bn to support large-scale standardised pig production.