Snowstorms, US Economy Slowdown May Help China’s Economy to Cool
It’s beginning to look like the snowstorms and US economic slowdown can help the Chinese government to do something government controls could not do: cool down the Chinese economy and maybe, even damp price inflation.
The greatest worry for Chinese government economists over the past year has been the very real rise in price inflation, especially food prices. In spite of repeated rises in interest rates, the Chinese government was having trouble putting a damper on inflation, something which Chinese leaders have traditionally viewed as a huge threat to social stability.
Now though, there are early signs that the slowdown in the US is welcome news for the Chinese government in its struggle to cool prices down.
Fatal error: Call to undefined function similar_posts() in /home2/chinare1/public_html/chinavortex.com/wp-content/themes/almost-spring/single.php on line 44