Today's Talking Points:
- Economy still going to grow
- Inflation Reports: Muted CPI - Bigger PPI
- Volume of trades - very low
独立评论 (431) 再谈中国通货膨胀真相
collection premiere istanbul
26-28 Ağustos 2010
İTÜ Taşkışla Kampüsü, İstanbul
Yakın zamanda bölgenin en önemli fuarlarından biri haline gelmesi beklenen cpi, Türk moda ve hazırgiyim dünyasında ezberleri bozacak.
Dünya modasını İstanbul'a taşıyacak olan cpi, Türkiye'nin "modayı üreten ülke" konumundan çıkıp "moda yaratan ülke" konumuna geçmesine önemli katkılarda bulunacak.
Türkiye'nin yanı sıra moda endüstrisinin önde gelen ülkelerinden gelecek seçkin katılımcıların 2011 yılının ilkbahar - yaz koleksiyonlarını sergileyeceği bu etkinlikte siz de yerinizi alın...
collection premiere istanbul
August 26-28, 2010
Istanbul Technical University (ITU) Taskisla Campus
Anticipated to become one of the region's most important fairs, cpi will go beyond the ordinary and reinterpret Turkish fashion and prêt à porter.
cpi will transport the fashion waves of the globe to Istanbul and it will contribute greatly to a new positioning of Istanbul as a creator of fashion rather than a manufacturer.
Be one of the valuable participants of this extraordinary event that will host distinguished Turkish and international guests showcasing their 2011
Transcript by Newsy****
BY TRACY PFEIFFER
You're watching multisource news analysis on Newsy****
The Inflation rate in the People’s Republic of China soared to 5.1 percent in November - a 28-month high- up from 4.4 percent the previous month. Analysts expect the Chinese government to take increasingly aggressive action to slow and reverse the rising Consumer Price Index, but as far as WHAT they’re going to do and whether it’ll work -- well, let’s just say everyone’s a critic.
The Chinese government had hoped to decrease inflation to 3 percent in the four years after their 2008 stimulus package, but rates cresting around 5 percent are off the mark. A reporter for Press TV explains one factor behind November’s CPI spike.
RIBET: “High global market prices combined with harsh weather at home to push the price of food 11.7 percent higher in November, year on year. Soaring food prices are particularly sensitive in a society where poor families spend up to half of their income on food. Mindful of possible social instability, the government has been selling off state stockpiles of necessities, imposing price controls, and cracking down on speculators and hoarders.”
On Bloomberg, an economist thinks China should increase interest rates to stem the inflation -- but notes, they probably won’t go as high as they should.
XIE: “I think that they are raising interest rates now, but still they don’t want to raise interest rates by that much. I expect they will raise interest rates by one percent to one and a quarter percent over the next 12 months. That’s not nearly half as much as needed to slow down inflation."
In an article on the Business Standard, one writer says that COULD help, but what the country really needs is proper evaluation of the Chinese yuan.
“...even if the authorities hold nominal exchange rates more or less steady, Chinese goods are getting more expensive. But this is hardly the ideal solution. If China allowed the yuan to appreciate, imports would become cheaper, exports would slow and price pressure would ease.”
And an analyst on CNBC thinks raising interest rates carries too much risk, but doesn’t think China’s current strategy will be effective, either.
STRASZHEIM: “One of the things that they are doing, Sue, is imposing a variety of little price controls, which are, quite frankly, window dressing. They’re selling some reserves out of strategic supplies -- that’s fine, but they're putting little price caps on here and here. Those won’t do very much."
Finally, a writer for the New York Times says -- it seems no matter what the Chinese government does, they risk damaging their economy.
“...soaring inflation could force the government to take sharp measures to slow the economy. Implementing those measures is expected to be difficult and could hurt many industries and prove harmful to the economy, analysts say. Not doing anything could result in spiraling inflation and an overheated economy.”
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