Inflation: China is trying to tame inflation. It matters to much of the globe
Synopsis For some goods, prices are indeed rising. Paper manufacturers have raised bulk volume prices for products like napkins and toilet paper four times this spring. Soybeans for tofu are becoming costlier. Reuters China’s higher prices could spread abroad, however. The country’s leaders are trying to address the threat of inflation in part by letting its currency rise in value. Prices are jumping in the United States and around the world, prompting growing warnings that a wave of inflation could threaten the global economy if it persists. China isn’t waiting to find out. Beijing is ...
Source: indiatimes.com