China Raises Interest Rate in Christmas Surprise Listen Download Embed Share Share this on Facebook (Opens in a new window) Share this on Twitter (Opens in a new window) Share this via Email 12/27: Chinese shoppers expressed their anxiety about soaring consumer prices, despite a weekend interest rate hike and reassurances on live radio from the premier that inflation can be curbed ( STR/AFP / Getty ) Produced by Hsi-Chang Lin Produced by PRI and WNYC