Chinese inflation surpasses previous peak

China's inflation accelerated further in November after matching the 11-year peak reached in August the previous month.

Inflation soared to 6.9% last month, climbing from 6.5% in October. Pork prices have risen a staggering 56% year-on-year and food costs overall, which account for a third of the consumer price index, have increased by 18.2%.

The trade surplus also reached a new record of $238 billion for the year so far.

The Chinese authorities have repeatedly expressed concern about inflati

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