REAL WORLD EVENT DISCUSSIONS

China and inflation

POSTED BY: NIKI2
UPDATED: Sunday, December 12, 2010 09:21
SHORT URL:
VIEWED: 430
PAGE 1 of 1

Sunday, December 12, 2010 9:21 AM

NIKI2

Gettin' old, but still a hippie at heart...


Ooops, think they're taking a page from our book?
Quote:

Inflation in China has risen to a 28-month high, sparking warnings of new interest rate rises.

The inflation rate, measured by the consumer price index, rose 5.1% year-on-year in November, an increase that was above market expectations.

On Friday, China had reported much stronger than expected export growth in November, adding to inflation fears.

Inflation has in the past caused unrest in China, where poor families spend up to half their incomes on food.

The government has said it will take strong action against anyone found to be manipulating food prices.

It has taken a number of measures to try to tighten its monetary policy and boost the supply of key goods.

Beyond expectations

In October, the central bank announced the first interest rate rise in nearly three years and analysts say another may be needed.

Shen Jianguang, an economist with Mizuho Securities, told Reuters news agency: "At least one interest rate rise is needed for this year... if you see inflation but no rate hike, people will doubt the determination to fight inflation".

The 5.1% November rise was the biggest since June 2008, and follows a sharp hike on the October rate of 4.4%.

The government's full-year target is 3%.

NBS spokesman Sheng Laiyun told the AFP agency: "Price rises in November are beyond many people's expectations. It will take some time for the [anti-inflationary] policies to be implemented and show clear effects."

China implemented a $586bn stimulus package two years ago which many analysts believe was the catalyst for the inflation rises.

http://www.bbc.co.uk/news/business-11975628

Should we wish them luck? Or stand back and laugh?


Hippie Operative Nikovich Nikita Nicovna Talibani,
Contracted Agent of Veritas Oilspillus, code name “Nike”,
signing off





NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
Democracy of idiots?
Mon, March 30, 2026 10:58 - 26 posts
Transport, Roads, Ports, Trains, Planes, Railway, Shipping, NASA and the Supply Chain issues
Mon, March 30, 2026 10:55 - 251 posts
United States democracy dead, USA system now fake, superficial?
Mon, March 30, 2026 10:54 - 8 posts
Steve Bannon Believes The Apocalypse Is Coming And War Is Inevitable
Mon, March 30, 2026 10:52 - 203 posts
What character and personality traits do you think of when you think of Trump?
Mon, March 30, 2026 10:51 - 36 posts
Putin's Russia
Mon, March 30, 2026 10:47 - 107 posts
Russia Invades Ukraine. Again
Mon, March 30, 2026 10:16 - 9956 posts
Six Baltimore cops charged with homicide
Mon, March 30, 2026 09:45 - 52 posts
Did the GOP Just Give Away $130 Billion of Public Property?
Mon, March 30, 2026 09:33 - 5 posts
human actions, global climate change, global human solutions
Mon, March 30, 2026 09:25 - 1088 posts
Asia has defeated the USA using 'Soft Power' ???
Mon, March 30, 2026 09:23 - 109 posts
The Conservative vision for America: cut infrastructure, let's see what happens...
Mon, March 30, 2026 09:20 - 64 posts

FFF.NET SOCIAL