Word: inflationitis
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An even more fundamental challenge is to convince the government and the public that the BBC should continue to exist in something close to its current form after its 10-year charter expires at the end of 2016. For almost two decades, the BBC had expanded its operations rapidly as...
Part of the difficulty for China's central-bank chief, Zhou Xiaochuan, is that the country lacks reliable statistics on which to base economic projections and policies. "They're driving at night without good headlights," says Stephen Green, Shanghai-based economist with Standard Chartered. Another problem is that...
For now, Chinese officials seem to recognize that high economic growth almost always leads to higher inflation rates - and that they can live with that as long as people don't revolt. At the end of September, China's central bank predicted consumer price rises would accelerate from...
But does this mean it's inevitable that inflation will join the long list of Chinese global exports? Economists disagree. Yiping Huang, chief Asia Pacific economist for Citibank, notes in a recent research report that, while wages are rising fast in China, labor productivity is increasing even faster...
That's little consolation to ordinary Chinese. Xu and her husband still have concerns about how to put food on the table. "If clothes are more expensive, we could wear old clothes," Xu says, "but we have to eat no matter how expensive it is." She badly wants...