China Inflation Matches Decade High; Trade Surplus Widens
Aggregated Source: China Stocks News and Analysis from Seeking AlphaInflation in China increased 6.5% y/y in October, matching a ten-year high set this past August. Surging food prices were once again a factor (accounting for 1/3 of the CPI), but a growing concern is the broader impact on other segments such as energy, labor and assets, says a Hong Kong-based DBS Bank senior economist, who claims, "Everyone in China is feeling inflation, especially the poor."
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