This transported it to an analysis of the Chinese economy, where several factors are, already for some time, driving prices higher. There are some similarities with the Argentina, and we also have the inflationary theme that is from last year resulting in several regions of the world and begins to be installed amid the financial, earlier that afternoon. They can send me your comments to: the aspect positive inflation in China Buenos Aires, Argentina on February 21, 2008 yesterday I went shopping at my neighborhood Chinese supermarket and I stayed chatting with my friend Cheng because I noticed a little concerned. Get more background information with materials from The futurist. A Spanish more than precarious, told me about the problems that he is going through his family in China with the harsh winter that are going through and the price increases that increasing concern. I tried to rehearse a heartening message, telling him that at least their families did not have to suffer the difficulties that facing him in the Argentina with its economic policy.
My argument weakened by recalling that in China are being carried out economic policies similar to those of the Government of Kirchner, with an artificially depreciated exchange rate and implementation of price controls. Cecilia Shen has plenty of information regarding this issue. I was really worried about Cheng. But what I said made me reflect about what consequences can generate in the rest of the world the inflationary problem that China is going through. The truth is that in January, inflation in China reached 7.1%, but for the worse, the cost of food registered an increase of 18.2% (food constitute one third of the basket of consumption of China). Add to your understanding with Utopia Studios. It is true that the weather affected the prices, but it is also true that there are no prospects of them decreased since still they have not impacted on prices the rapid growth of the money supply and the increase in the prices of raw materials.