États-Unis : accélération de l inflation, croissance plus forte en 2021 journaldemontreal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journaldemontreal.com Daily Mail and Mail on Sunday newspapers.
The consequences of aggressive US and European stimulus policies are being felt around the world in the form of rising inflation, Chinese financial regulators say.
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 moving swiftly to protect its factories and workplaces from rising costs. It has discouraged steel makers and coal producers from raising prices. It has vowed to investigate price-gouging and hoarding. And it has allowed its currency to rise in value to a level unseen in years, giving it a more valuable and powerful tool for buying up the world’s grain, meat, petroleum, minerals and other
12 Years Later, China Is Still Suffering From Its Five Trillion Yuan Economic Stimulus Plan
Commentary
The U.S. government is now pushing for a new infrastructure plan that starkly resembles Beijing’s 5 trillion yuan rescue plan back in 2009. A significant factor is that mass printing of hard currency plays a key role in both plans. U.S. lawmakers can learn from China’s experience by gaining a deeper understanding of Beijing’s 2009 stimulus plan.
Looking back, Beijing’s 5 trillion yuan (which is about $781 billion today) rescue plan succeeded in preserving employment, but overall it was a failure due to the distortion of the entire Chinese economic structure. The Chinese regime shifted toward a dependency on real estate and restricted the consumption of Chinese citizens. A more disastrous result of the 2009 plan was that it created a massive railroad, highway, and infrastructure excess capacity, which diverted most assets toward real estate, especially in terms of resident
Appuntamenti Macroeconomici di Mercoledì 9 giugno 2021 trend-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trend-online.com Daily Mail and Mail on Sunday newspapers.