January 20, 2011 by USA Post 

KOTV, Kotva – A murder suspect has been arrested in Tulsa, Arizona on Tuesday morning while attempting to cross the U.S. border. U.S. Customs and Border Protection arrested 24 years Charlie Noriega Nogales port of entry at about 11:30 pm Tuesday. Noriega said the officers tried to enter the United States. According to a statement from the U.S. Customs and Border Protection, Noriega could not provide any identification. The officers ran his name and other information in the system and discovered he was wanted on a charge of first-degree murder in Oklahoma. Noriega is accused of the death of 23 years, Jason Crowder, who was shot in June 2010. Officers said Crowder Noreiga shot while visiting a friend in the block 700 in North Atlanta Place.
(AP) – China’s economy accelerated in the last quarter of 2010 to develop a blockbuster 10.3 percent for the year, communist leaders struggle to maintain growth in balance with cooling soaring prices.

Figures released Thursday showed growth picking up in the fourth quarter, to 9.8 percent from 9.6 percent in July-September, the world’s second largest economy expanded despite the measures taken against a torrent of investment that fuels inflation politically risky.

The inflation rate was 4.6 percent in December compared to a high of 28 months from 5.1 percent the previous month. That put inflation for the year to 3.3 percent.

The news shocked investors who fear moves further to dampen credit. Markets across Asia fell, the Shanghai Composite Index benchmark sliding 2.9 percent to 2,677.65.

“The only slight drop in inflation in December shows how the situation is bleak for the cooling of inflation,” said Peng Yunliang, ananlyst at Shanghai Securities. “In my view, inflation will remain a headache for the government in 2011″.

These pressures may force Beijing to slow the economy more aggressively, potentially crimping growth in a world increasingly dependent on Chinese demand.

The news from the Chinese President Hu Jintao celebrated what was regarded at home as a triumphant state visit to the United States, highlighted the significant gap between China, which has strongly rebounded after the global crisis, and the still fragile U.S. and European economies.

Echoing complaints by Beijing earlier, the National Bureau of Statistics Commissioner, Ma Jiantang, blamed high prices on the lax monetary policies of “developed countries” that have fueled speculative demand and commodity prices pushed up.

But he acknowledged that higher costs for wages, land and other factors in China have also pushed prices higher.

Ma said the government had made “remarkable achievements” in its efforts to calm inflation, adding: “. But the evolution of prices in 2011 can not be taken lightly ”

Many economists believe that China’s economy remains dangerously dependent on investments in real estate and construction. These expenses increased from 23.8 percent a year earlier in 2010.

This has been a sharp decline of 30.1 percent increase fueled by stimulus spending to counter the global crisis in 2009. But renewed lending by banks sumptuous state-run can inflate an asset bubble and potentially dangerous obstacle moves to bring price increases under control, saidanlyst Alistair IHS Thornton.

“If driving pressure of rampant inflation even higher liquidity, the dilemma facing the government will only intensify,” he said, characterizing the moves to contain the credit as long as “timid.”

Chinese leaders, aware of the political crisis caused by previous bouts of inflation, said price increases slow down a top priority. They raised interest rates twice over the last four months and repeatedly tightened border investment to keep inflation from spreading throughout the economy.

So far, higher prices do not seem to have affected the overall demand for consumer goods too hard: retail sales rose 18.4 percent in 2010 over a year earlier, jumping to 14, 8 percent after adjusting for inflation, Ma said.

Mean income rose 11.5 percent in 2010 to citydwellers 21,033 yuan (approximately and 3,200). Rural per capita income jumped nearly 15 percent, but at 5919 yuan ($ 900) it is way behind.

Recent surges in prices of food and other basic necessities are hitting many families, especially those living on low incomes.

“My pension is just 1,700 yuan ($ 260) per month, and although she was raised a little, he can not catch up with rising prices,” said Ji minlines; a 62-year-old retired factory worker bikes that said she and her friends were combing supermarket bargains.

“I do not hope prices, particularly food prices, will not raise more,” she said.

Manyanlysts say the authorities must act more decisively to cool soaring prices, especially since such pressure rise around the globe.

Following news earlier this week that the largest state-run country’s commercial banks splashed around 240 billion yuan ($ 36.4 billion) in new loans in the first 10 days of the year news, the banking regulator has again ordered banks to tighten risk controls and consider ways to penalize banks to ignore orders to reduce lending.

With so much money sloshing around the economy, the authorities have struggled to get the banks to slow in

On loan for the development of real estate projects and others is the lifeblood for sale by local governments for land use rights, which provide a considerable share of their income. Those sales rose 70 percent in 2010, helping property prices grow 6.4 per cent higher compared to the previous year.

A huge pool of non-bank financing have almost doubled the amount of money available for investment last year, largely “off-balance sheet” loan that the exact scale is unknown.

“Because of the housing bubble, the risk exists almost everywhere in China’s financial system fragile,” said Yi Xianrong, an economist at the Chinese Academy of Social Sciences Research Centre and finance.


Associated Press writer Chi-Chi Zhang in Beijing and researcher Ji Chen in Shanghai contributed to this report.

Copyright 2011 The Associated Press. All rights reserved.

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