david dissadent
New Member
Inflation haunts China now. It is not a pretty site. 800 million still desperately poor and prices skyrocketing.
http://www.atimes.com/atimes/China_Business/IK20Cb01.html
http://www.atimes.com/atimes/China_Business/IK20Cb01.html
The 'core inflation' argument
Given that stark fact, it is a betrayal of reality for analysts such as Yao Jingyuan, the Statistics Bureau chief economist, to hide behind technicalities, claiming the 10-year record jump in prices is not "full-blown" inflation and that the CPI is still within the "safe zone" because the main contributor to its increase is the 17.6% jump in food costs while non-food price gains, which reflect "core inflation", are steady at 1.1%.
