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
sorry i did not understand ~
ReplyDeleteChina have the largest population on the world. It is a big problem to feed so many people. However there are no violence accident happened in China beause of the high price of food or the lack of food. So I think the CCCP can handle it.
ReplyDeleteWhen China is as advanced as Japan now. I'm sure the both rate drop. Also, Chinese don't cost a lot. Unlike American, Chinese will think of wether they have enough money to buy the stuff they like first. In fact, I think it is the American will run off the resources at first. So, 心配しないで(don't worry)
i disagree with bob, because the poverty problem is extremely serious right now, and there's no effective way to solve it, most of the chinese are suffering from this---even though most of the chinese wouldn't spend as much as americans, but americans have their own policy and money to protect the poor. comparing with this, china still have do a lot to save resources rather than saying we still have a lot energy.
ReplyDelete