Why Chinese Inflation Must Be Reined In

It’s now official. According to Japan, China’s nominal gross domestic product (GDP) of $5.87 trillion in 2010 has surpassed Japan’s nominal GDP of $5.47 trillion. But China continues to face surging inflationary pressures. China’s Consumer Price Inflation (CPI), excluding food, came in at a lower than expected 4.9% versus the estimate of 5.3%. Yet the [...]