Wednesday, January 12, 2005

economy - Inflation on the rise, says blogger

Journalist-in-training Amy Gu discusses here some of the bigger problems China faces, and comes with an important observation. "Most of the Chinese people are proud of the domestic cheap labour, but it can't not last for long. I can see the inflation in the cities, big and small, are becoming more and more serious. Mother told me that the price of the coal this year has risen up between 100 per cent and 200 per cent. Common people pay more for their daily life, telling their need to higher salary."
The issue needs a bit more investigation, before we raise the alarm, but this is a potentially important economic development. Chinabiz has started a poll on the issue.

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