…..but high inflation scares China

first_img Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ Wednesday 1 December 2010 8:22 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Sharecenter_img KCS-content HIGH inflation is haunting China’s industrial sector, data from HSBC showed yesterday.Input prices shot up at the fourth fastest rate in the history of the Purchasing Managers Index (PMI).Economists pointed to low supply of goods, and panic buying in the face of further price rises. Prices of cotton, grain, oil and steel all increased.And manufacturers passed on the higher costs to consumers, with “factory gate” prices rocketing at a record rate for the index.Consumer prices hit a 25 month high in November, with food inflation surging beyond 10 per cent.In response, Beijing could increase rates by a quarter of a per cent, said economist Hongbin Qu from HSBC.However, economic growth continues to push forwards in China. The PMI, which measures manufacturing business conditions, was 55.3 for November, up from October’s 54.8. whatsapp …..but high inflation scares China last_img read more