The World Bank smokes crack re: China GDP, 'inflation nothing to worry about'

Two things:

1. Food inflation
2. Oil inflation

Reuters link World Bank China Forecast

this is what the World Bank said in 2008 before China spent 586billion to 'save' their economy

"The bank's report said that most developing and emerging markets, like China, would outperform high-income countries as they were less directly exposed to the financial turmoil and would see a modest, orderly slowdown."