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. T..."/>

REAL WORLD EVENT DISCUSSIONS

China and inflation

POSTED BY: NIKI2
UPDATED: Sunday, December 12, 2010 09:21
SHORT URL:
VIEWED: 382
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
Bill Nye: We Demand Scientists And Scientific Data Not Be Censored
Mon, March 10, 2025 07:19 - 2 posts
Gunman is shot outside the White House as Secret Service reveal shooter's dark secret
Mon, March 10, 2025 07:16 - 2 posts
Prostitutes, Hookers and Whores at the White House
Mon, March 10, 2025 07:13 - 5 posts
In the garden, and RAIN!!! (2)
Sun, March 9, 2025 23:33 - 5189 posts
Trump: Dems Will "End Up As A Minor Party" If They Keep Going With These Crazy Ideas
Sun, March 9, 2025 21:51 - 2 posts
Do you feel like the winds of change are blowing today too?
Sun, March 9, 2025 21:25 - 925 posts
Best Theme Song Ever
Sun, March 9, 2025 17:52 - 9 posts
DOJ investigating major egg producers amid soaring prices: Sources
Sun, March 9, 2025 16:35 - 1 posts
New NASA moon rocket can't fly
Sun, March 9, 2025 16:18 - 54 posts
ABC Shuts Down Pro-Leftist Polling Site That Claimed Harris Had Better Chance Than Trump (Five Thirty Eight)
Sun, March 9, 2025 14:48 - 1 posts
Hollywood exposes themselves as the phony whores they are
Sun, March 9, 2025 14:36 - 122 posts
Game Companies are Morons.
Sun, March 9, 2025 09:36 - 215 posts

FFF.NET SOCIAL