China has a big inflation problem and it's pushing up prices worldwide

[Slartibartfast]

China has a big inflation problem and it's pushing up prices worldwide

China's inflation headache is getting worse.

edition.cnn.com

The Producer Price Index jumped 13.5% in October from a year ago, accelerating from September's 10.7%, China's National Bureau of Statistics said Wednesday. Last month's increase was already the fastest since the government began releasing such data in the mid-1990s, according to Eikon Refinitiv.

And it now appears that the higher costs are trickling down. China's Consumer Price Index rose 1.5% in October from a year ago, double the rate of the previous month and the fastest pace of increase since September 2020.

This is likely part of why we are seeing certain prices rise in the US.

 

[bongsaway]

It's all biden's fault. Who doesn't know he actually controls china?

 

[multivita-man]

China has a big inflation problem and it's pushing up prices worldwide

China's inflation headache is getting worse.

edition.cnn.com

The Producer Price Index jumped 13.5% in October from a year ago, accelerating from September's 10.7%, China's National Bureau of Statistics said Wednesday. Last month's increase was already the fastest since the government began releasing such data in the mid-1990s, according to Eikon Refinitiv.

And it now appears that the higher costs are trickling down. China's Consumer Price Index rose 1.5% in October from a year ago, double the rate of the previous month and the fastest pace of increase since September 2020.

This is likely part of why we are seeing certain prices rise in the US.

Inexplicably, the Chinese government decided to send out a message that they should go out and hoard supplies while they can without explaining why. If you thought panic buying was bad here in the US back in March of 2020, lol, I think China just won the world cup of panic buying.

China's real problem is that their "capitalism with Chinese characteristics" is a bubble that has just now popped. State-driven, state-mandated construction of ghost cities, towers with nobody in them, bridges to nowhere eventually leads to an economy that goes nowhere. The same thing happened to Japan, but at least Japan has globally-recognizable corporations - China really does not.

I'm not saying that China's going to collapse and all hell will break loose, but the next decade will be a challenging one for China. Fortunately for them, it will probably be an even more challenging decade for the United States.

 

[Checkerboard Strangler]

China has a big inflation problem and it's pushing up prices worldwide

China's inflation headache is getting worse.

edition.cnn.com

The Producer Price Index jumped 13.5% in October from a year ago, accelerating from September's 10.7%, China's National Bureau of Statistics said Wednesday. Last month's increase was already the fastest since the government began releasing such data in the mid-1990s, according to Eikon Refinitiv.

And it now appears that the higher costs are trickling down. China's Consumer Price Index rose 1.5% in October from a year ago, double the rate of the previous month and the fastest pace of increase since September 2020.

This is likely part of why we are seeing certain prices rise in the US.

THANKS BIDEN!!!!!

 

[Checkerboard Strangler]

Hey, are we ready to begin bringing back manufacturing to the USA yet or are we just going to sit around hoping China recovers?
They routinely steal our tech so we can just steal it back.
Yes most of the manufacturing will be automated but someone has to set up, maintain and repair all those bots.