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(Al Jazeera)   Why is inflation a problem in China of all places? Biden isn't their president. OR IS HE?   (aljazeera.com) divider line
    More: Awkward, Consumer price index, Inflation, China's inflation rose, Price index, percent year, China's producer price index, Chinese Premier, food prices  
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551 clicks; posted to Business » on 11 Apr 2022 at 3:08 PM (11 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



18 Comments     (+0 »)
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2022-04-11 12:20:20 PM  
Thanks Obama Biden
 
2022-04-11 3:15:46 PM  
because they import an ass load of stuff and those prices went up?

/not an economist
 
2022-04-11 3:21:54 PM  
Thank god inflation isnt a problem in the states.

The fed is printing trillions of flowers, not USD
 
2022-04-11 3:21:54 PM  
They got caught double printing bank notes, among other things.
 
2022-04-11 3:27:32 PM  
Little thing called the One Child Policy.  Really the second wave of it.

https://www.populationpyramid.net/china/2022/

Basically, the first pinched generation was the late-70s/early-80s one-child-policy kids.  When that dip hit the labor market (~2000), it was a problem but there were still plenty of workers from the huge early 1970s wave.  

After that, there was a mini-surge of kids born around 1988-1993.  Still under one-child-policy, but there were just so many early-70s kids that their follow-on generation was relatively large.  

Now, we're hitting the point where the incoming generation is comparatively tiny (kids of the first pinch).  And that huge early-1970s ("Chinese Boomers") generation is edging toward retirement.   Note that the state retirement age is only 60 in China, 50-something for women.  This is not just state largess, although China is probably going to raise that and try and keep the 50-somethings working.  It reflects the reality that after 40 years in toxic air and shiatty food doing either backbreaking or fiddly-intricate work, you're often broken for much more than pushing a noodle cart.

Chinese labor costs have been going up for 20 years now, and the demographics say they're going to go up more.
 
2022-04-11 3:39:00 PM  

Linux_Yes: Thank god inflation isnt a problem in the states.

The fed is printing trillions of flowers, not USD


Could you repeat 17 times?
 
2022-04-11 3:39:50 PM  
Inflation?!?  Quickly, someone blame the US Fed!
 
2022-04-11 4:11:29 PM  

LewDux: Linux_Yes: Thank god inflation isnt a problem in the states.

The fed is printing trillions of flowers, not USD

Could you repeat 17 times?


17 times  17 times  17 times....

Boot and reboot were sitting on a fence.
Boot fell off, who was left.....

Boot and reboot were sitting on a fence....
 
2022-04-11 4:13:07 PM  

Hawk the Hawk: Inflation?!?  Quickly, someone blame the US Fed!


Well.........

Printing 5 to 6 Trillion USD over the last 2 to 3 years to keep our economy going certainly isnt helping inflation, sherlock.
 
2022-04-11 4:14:08 PM  

TheSubjunctive: And that huge early-1970s ("Chinese Boomers") generation is edging toward retirement.


And from that comes the conspiracy theory that a certain disease was meant to act as a broom to sweep out the unproductive older people.
 
2022-04-11 4:14:13 PM  
If their economy is tied to that of the rest of the world, then if there's inflation in the US and the EU, then there's going to be inflation in China as well.

Plus a lot of the inflation that we're seeing here is from factory and port shutdowns in China in the first place.
 
2022-04-11 4:15:08 PM  

Hawk the Hawk: Inflation?!?  Quickly, someone blame the US Fed!


Fark user imageView Full Size
 
2022-04-11 4:20:59 PM  

Linux_Yes: Hawk the Hawk: Inflation?!?  Quickly, someone blame the US Fed!

Well.........

Printing 5 to 6 Trillion USD over the last 2 to 3 years to keep our economy going certainly isnt helping inflation, sherlock.


The farking economy would have had one of the worst recessions of all time if it didn't print money.  They key will not to be raise rates too much or you'll get what happened in 1961.  I think that's what they have to be looking at.
 
2022-04-11 4:22:52 PM  
and Peru has incredible inflation from all those US dollars too
 
2022-04-11 7:44:37 PM  
There is no inflation, only a temporary spike in prices that will return to normal, any day now.
 
2022-04-11 9:55:45 PM  
No one seriously thought that the wage increases due to worker shortages weren't going to be clawed back through price hikes, did they?
Corporations aren't just raising prices to get even. They are recording record profits to teach the little people not to do that again.
 
2022-04-12 8:59:42 AM  
Corporate greed

Prices are going up because corps. are afraid wages will go up with a shortage of workers. They're raising prices but holding off against increased wages as much as they can.    That's the end of the story.
 
2022-04-12 1:27:40 PM  

Al Tsheimers: No one seriously thought that the wage increases due to worker shortages weren't going to be clawed back through price hikes, did they?
Corporations aren't just raising prices to get even. They are recording record profits to teach the little people not to do that again.


CEO's are responding to rising wages and workers shortages. It's the same method they have used for over 200 years. They are importing millions of low wage workers for exploitation.
https://www.cnbc.com/2021/10/15/dominos-ceo-us-needs-more-immigration-to-address-worker-shortages.html

Corporations are even claiming that more low wage workers will solve inflation.
https://www.cnn.com/2022/01/11/economy/chamber-of-commerce-inflation/index.html

And many of our most exploited and underpaid workers cheer for this, for some strange reason. They blindly follow the CEO's and corporations' lead.

I guess misery really does love company.
 
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