Inflation could doom China!

page: 1
0

log in

join

posted on Jan, 13 2008 @ 09:49 AM
link   
The Chinese are battling inflation, but more severly than others. Price controls and hoarding have run rampant. The Chinese are paying the price for suspect accounting practices, artificially keeping their currency undervalued, corruption and bad investments.

China may not being growing as fast and rich as first thought because of the inequities and inefficiencies in their economy.

The Inflation Dragon threatens China and Global Economy!

This could be another shoe to drop that could ripple across global markets and add to the uncertainty and slow down in economic growth!




posted on Jan, 13 2008 @ 10:00 AM
link   
This could be a serious problem for them. With all the power that they have there is still 600 million Chinese that live on less than 30 dollars per month, and 200 million more that get by on just 100 dollars per month.

That is a lot of people with nothing that could find themselves not even be able to feed themselves. There is a magic number for revolt and once the daily intake of calories drop below 800 per person then revolt is just around the corner.



posted on Jan, 13 2008 @ 10:28 AM
link   
reply to post by Xtrozero
 


It doesn't help the fact we are nearing peak oil, food, cooper, gold, etc. and major financial crisis. I don't know how we are not going to avoid some major civil unrest more than likely beginning in the third world and than onto China and India and eventually the west.

Not to mention, that climate change is now impacting agriculture! Other than that, everything is great!





 
0

log in

join