China is experiencing REAL inflation, not the Sucrose laden artifical type we here in the US think we are experiencing.
The government is targeting inflation of 4.8% this year, the same as in 2007.The average wage in Chinese urban areas climbed 18.3% in the first quarter from a year earlier to 6524 yuan ($US935).
Notice the increase in wages. China is flooded with cash right now causing their money supply to grow exponentially. There is a real pickle brewing in the dislocation of money flows, inflation, interest rates and supply issues. This will cause political unrest between the major powers in the next year.
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