We have heard man talk about it - but we haven't seen that much --it may only be a matter of time on Chinese price increases ... here is yet another financial writer mentioning what to expect ....
"According to the Chinese National Bureau of Statistics, consumer prices rose 7.1% in China last month, the single largest increase in more than a decade!
But here's the important part about inflation in China: Chinese exporters are passing on their rising costs to overseas customers!
Just look: The price of Chinese goods leaving factories rose by an eye-popping 6.1% in January, the highest rate in three years!
Note that this does NOT include January's inflationary data, which is certain to be even worse because the most severe snowstorm in more than 50 years caused prices to skyrocket.
Once those numbers are factored in, I wouldn't be surprised to see the Chinese inflation rate top double-digits.
According to a Global Sources survey, a Hong Kong trading company, 80% of the 709 Chinese exporters surveyed said they expected to increase prices in the next six months."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment