China’s Inflation Muddle
Even as the debt crises in Europe and the US loom large and the global economic recovery falters, inflation is making a comeback. Indeed, emerging-market economies are bracing for a serious bout of it – and bout that China is already fighting.
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BEIJING – Even as the debt crises in Europe and the United States loom large and the global economic recovery falters, inflation is making a comeback worldwide. Indeed, emerging-market economies are bracing for a serious bout of it – together with the dire political consequences that it will bring.