Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Inflation Appears To Be Out Of Control In China

Recommended Posts

http://uk.finance.yahoo.com/news/Chinese-manufacturing-slows-tele-1831392409.html?x=0

Chinese manufacturing slows but prices keep rising
Emma "Em" Rowley, 18:29, Tuesday 1 February 2011
China's mammoth manufacturing sector slowed in January but prices kept climbing, official figures showed, indicating Beijing could step up efforts to rein in inflation still further.
Activity at the country's factories fell to a five-month low of 52.9 from December's 53.9, according to the official purchasing managers' index (PMI), where a figure below 50 signals a contraction.
The bigger-than-expected drop in the index suggested Beijing's efforts to fight high inflation through interest rate increases and tighter controls on credit are weighing down on the manufacturing boom.

All good things eventually come to grief. Too much too soon in China's case. And all that smog they breath in! :o

Share this post


Link to post
Share on other sites

http://uk.finance.yahoo.com/news/Chinese-manufacturing-slows-tele-1831392409.html?x=0

Chinese manufacturing slows but prices keep rising
Emma "Em" Rowley, 18:29, Tuesday 1 February 2011
China's mammoth manufacturing sector slowed in January but prices kept climbing, official figures showed, indicating Beijing could step up efforts to rein in inflation still further.
Activity at the country's factories fell to a five-month low of 52.9 from December's 53.9, according to the official purchasing managers' index (PMI), where a figure below 50 signals a contraction.
The bigger-than-expected drop in the index suggested Beijing's efforts to fight high inflation through interest rate increases and tighter controls on credit are weighing down on the manufacturing boom.

All good things eventually come to grief. Too much too soon in China's case. And all that smog they breath in! :o

Erm you realise it is Chun Yun in China right? 800 million people who work in the Chinese factories started going home to their villages about 1-2 weeks ago. The factories are mostly deserted the CCP is VERY strict about this holiday time for Chinese people.

Share this post


Link to post
Share on other sites

I have heard about Chinese factories cutting production/working week and having to run on diesel generators.

Chinese authorities recently 'ordered' the shutdown of electricity to large swathes of the nation, to meet emissions targets. It was restored just before Christmas. Little known, it seems.

Share this post


Link to post
Share on other sites

Maybe talking ****** but, with the Americans printing so much money are they able to buy commodities, thus inflating the price, which in turn will sqeeze the productivity of China?

Just a thought.

Share this post


Link to post
Share on other sites

A previously "controlled economy" can have little experience of economic cycles!

It will bite them in the bum! :huh:

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.