CHINA REASSURES POOR OVER?FOOD?PRICES

CHINA’S government yesterday insisted that inflation is firmly under control, after food prices jumped 10.1 per cent in October. The government threatened price controls, and promised food subsidies for the poor. Meanwhile, Thailand technically entered recession after its economy retracted for the second quarter in a row, falling by 0.2 per cent. The annual rate of growth however, is still positive, expanding at 6.2 per cent.