Chinese Economics Thread

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voyager1

Captain
Registered Member
Inflation is coming

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China’s factory gate prices rose at their fastest annual pace in over 12 years in May
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China's producer price index (PPI) increased 9.0% from a low base a year earlier, the National Bureau of Statistics (NBS) said in a statement, driven by significant price increases in crude oil, iron ore and non-ferrous metals.

Analysts in a Reuters poll had expected the PPI to rise 8.5% after a 6.8% increase in April.
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Consumer prices saw their biggest year-on-year increase in eight months but came in below expectations and remained well below the government's official 3% target. The surge in PPI has yet to feed through to consumer inflation, meaning the People's Bank of China is unlikely to worry for now.
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I really doubt that the factories will be able to eat up so many increases in their inputs prices without passing them to the customers.

IMO they should just raise prices and get done with it. Lets export inflation to America who thinks it can print so many dollars and export its consequences to China
 
V

voyager1

Captain
Registered Member
Anti sanction law details released

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Individuals or entities involved in making or implementing discriminatory measures against Chinese citizens or entities could be put on an anti-sanctions list by a "relevant department" in the Chinese government.
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Those on the list may be denied entry into China or be expelled from China. Their assets within China may be seized or frozen. They could be restricted from doing business with entities or people within China.
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