How China's inflation will affect your investments in 2011

Happy New Year! I hope you had a great Christmas. China delivered a slightly unusual Christmas present for the markets this year: an interest rate hike. It was just a little one. Nothing to rattle the horses too badly. And it hasn't stopped the bull market in commodities – copper has continued to hit record highs, for example. But it's a warning of what's likely to be one of the biggest themes of the year – how the rest of the world will cope as China goes into inflation-fighting mode...