REAL WORLD EVENT DISCUSSIONS

China and inflation

POSTED BY: NIKI2
UPDATED: Sunday, December 12, 2010 09:21
SHORT URL:
VIEWED: 450
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
Khamenei, One of Most Evil People in History, is Dead
Sun, May 17, 2026 16:25 - 399 posts
Russia Invades Ukraine. Again
Sun, May 17, 2026 15:18 - 10154 posts
In the garden, and RAIN!!! (2)
Sun, May 17, 2026 14:10 - 7215 posts
Do you feel like the winds of change are blowing today too?
Sun, May 17, 2026 05:54 - 4574 posts
Politics is so broken it’s driving people to therapy
Sun, May 17, 2026 04:42 - 3 posts
Countdown Clock Until Vladimir Putins' Rule Ends
Sun, May 17, 2026 03:33 - 192 posts
The map is becoming so tilted that a four-point Democratic win might not be enough for a majority.
Sat, May 16, 2026 19:08 - 4 posts
Music 4
Sat, May 16, 2026 18:45 - 70 posts
News from the environment...for those interested
Sat, May 16, 2026 18:18 - 33 posts
We haven't forgotten about you...
Sat, May 16, 2026 17:09 - 6 posts
Wahhabsim: The philosophy of Saudi jiahd, and ISIS
Sat, May 16, 2026 08:43 - 45 posts
Asia has defeated the USA using 'Soft Power' ???
Sat, May 16, 2026 08:38 - 113 posts

FFF.NET SOCIAL