REAL WORLD EVENT DISCUSSIONS

China and inflation

POSTED BY: NIKI2
UPDATED: Sunday, December 12, 2010 09:21
SHORT URL:
VIEWED: 460
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
Russia Invades Ukraine. Again
Sat, June 20, 2026 06:07 - 10461 posts
The Goal Is INFLATION
Sat, June 20, 2026 05:13 - 33 posts
News from the environment...for those interested
Sat, June 20, 2026 05:13 - 34 posts
Trump Presidency 2024 - predictions
Sat, June 20, 2026 05:10 - 141 posts
Tv is dying, Western comicbooks die, Gaming dies, Cinema is dying...what will be the next flop?
Sat, June 20, 2026 05:02 - 107 posts
Hordes of illegal terrorist invaders are Burning California to the Ground? They are "eating dogs" and "eating the cats" illegals ‘they’re eating the pets’ ?
Sat, June 20, 2026 04:57 - 80 posts
Who hates Israel?
Sat, June 20, 2026 04:56 - 202 posts
White, Republican, (likely Christian) Male as our next president....
Sat, June 20, 2026 04:52 - 16 posts
Another white male Chump supporting terrorist?
Sat, June 20, 2026 04:51 - 214 posts
Khamenei, One of Most Evil People in History, is Dead
Sat, June 20, 2026 03:38 - 517 posts
In the garden, and RAIN!!! (2)
Sat, June 20, 2026 02:17 - 7535 posts
Did Democrats bet on the wrong horse for their political future?
Fri, June 19, 2026 18:09 - 4 posts

FFF.NET SOCIAL