Like the Fed, slow deliberate response

China’s inflation is spreading beyond food, signaling Premier Wen Jiabao’s strategy of quarter-point interest-rate increases every two months has yet to contain consumer prices.

Clothing costs climbed 1.4 percent in April from a year earlier, the biggest gain since 1997, a statistics bureau report showed yesterday. Non-food inflation held at 2.7 percent, the fastest pace in at least six years, while overall consumer prices rose 5.3 percent.Bloomberg

The Chinese Socialist Bankers do the same that our Fed did on 2003, a slow deliberate rate rise over a period of time. Bankers assume we compute the intermediate solutions in response to their slow deliberatness. We don't. We calculate the turning point, then hold steady until they come. Once the turning point, we go volatile in the change.