Commentary
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| + | ====== China continues to moderate ====== | ||
| + | 11 Jun 2012 by Jim Fickett. | ||
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| + | Today China reported inflation and industrial production figures for May. Inflation continues to come down though, at 6.4%, food inflation is still high enough to be a serious problem for the poor: | ||
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| + | {{public:china_inflation2012-05.png?direct&480}} | ||
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| + | Most commentators are saying something along the lines of "With inflation lower, the Chinese government now has more room to stimulate the economy." True enough, from a short-term political perspective, and perhaps accurate enough as a political prediction. But in fact China's growth is still unsustainably high, and serious problems in bad loans and inefficient state businesses are being stored up for later. | ||
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| + | {{public:china_ip_yoy2012-05.png?direct&480}} | ||
