Monday, October 15, 2007

Chinese export prices begin to creep up

Heat in the workshop

“China’s era of exporting deflation to the world is coming to an end,” says Jing Ulrich, Hong Kong-based chairman of JPMorgan’s China equities business. “Manufacturers are raising their average selling prices and feel confident they can pass on any future [cost] increases. Pricing power has returned to a number of industries due to consolidation, the closure of smaller producers with poor environmental and safety records and natural attrition over the past half-decade, when many manufacturers faced severe margin compression.”

Posted by chris @ 09:31 PM (615 views)
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One thought on “Chinese export prices begin to creep up

  • And for our country this is even without currency adjustments.

    The ugly beast of inflation lurks everywhere.

    This summers printing press activity has yet to leak significantly into the system

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