Tuesday, May 20, 2008

Jim Jubak: China's newest export: Inflation

Thought provoking analysis:

Soaring production costs are forcing China to finally start raising prices. For US policymakers and consumers, the shift couldn't come at a worse time.

By Jim Jubak

It looks like the United States has seen the end of an amazing period of below-average inflation and above-average economic growth.

The gradual integration of China into the global economy gave us those good times. And now it looks like the Chinese economy is going to take them away...


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