Due to the increase in price of food, China's inflation was pushed beyond official target for the fourth time in as many months. This year the increase in consumer prices was 4.9 percent compared to the same time last year. It was slightly lower than economists originally expected. Therefore, it may ease the pressure on the government to toughen monetary controls. However, some economists point out that it should be merely a temporary reprive and there will be the pressure going forward. Since still many people live in poor condition with spending their money on food, inflation is major concern in China. Some professor say that chinese government is keenly aware of the inflation risk and taking steps to solve this problem. Nonetheless, the price of foods such as vegetable is continuing to increase. Whether the government has enough solutions and whether there will be more solutions remain to be a question. However, this is not only a bad news since china is growing so fast that it's not very surprising. And it is good for workers too if the wage incerease can outpace inflation.
In my opinion, it is normal for Chinese to have this situation now. Since they have a tremendous number of population, once drought occurs, for sure they lack the food. However, as other nations such as Japan, I think Chinese will hit the limit to growth in population. The only thing I'm worried about is they will use all resources remained before that!haha
