Monday, October 18, 2004

economy - Inflation looms at volatile market



Eager buyers stormed the entrance of the Guangzhou Fair last Friday, the New York Times reports in a larger article about the volatile markets in China, that cause a plunge at some of the larger metal exchanges worldwide.
Higher prices for commodities - and increasing pressure on wages - are not compensated by the larger retailers, complain Chinese companies who then cut their reserves and stop buying raw material. Inflation might be expanding to more than only commodities.

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