Word: inflationitis
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That's an increasingly common wish in China, where after years of high economic growth and relatively stable consumer prices, inflation is back on the table - and a bitter fruit it is. China's Consumer Price Index showed a 5.6% year-over-year increase in July, the sharpest rise in...
A restive population is worrisome to Chinese government officials, because high inflation historically has led to political problems. Rising prices helped to foment massive civil unrest in 1989, and peasants to this day are resentful over harsh measures the central government used in the mid-1990s to rein in inflation...
Rising mainland prices should come as no surprise. For years, economists have wrung their hands over the prospect that China's economy might finally overheat. The latest inflation report signals that time may be at hand. China has recorded four straight years of double-digit economic growth, and 2007 will...
The debate among economists now is whether another move by China's central bank to raise interest rates - which have already been hiked three times in the past year - will ease growth and inflation. Much depends on the next monthly inflation report, which will indicate whether, as Jun Ma, chief...
But the core of this is, as Barings' Khiem says, a lack of information. It all started as a problem that seemed both predictable and containable: U.S. borrowers with bad credit history started (surprise, surprise!) defaulting on their mortgages. But that meant trouble for more than just the mortgage company...