China's economic rebound

[lostinblue]

http://www.telegraph.co.uk/finance/china-b...d-shoppers.html

Prices in China are now rising too fast for comfort, as the latest data from China¡¯s National Bureau of Statistics confirmed on Wednesday, with consumer price inflation (CPI) leaping 1.9pc in December after a 0.6pc rise the previous month.

Chinese shares suffer steepest drop since November on fears rally is overdoneThe statistics bear out what the traders have observed for almost six months now, the cost of food, which makes up one-third of the CPI basket, has risen appreciably from a year ago.

 

¡°The cost of a kilo of tomatoes has gone up from 3 yuan (27p) to 5 yuan (45p) which is too much, said Zhang Jianyong, a trader from Hebei Province south of Beijing, ¡°all the farm products are seeing prices hikes at the moment.¡±

 

With the exception of potatoes and pork, all the other staples spot-surveyed by The Telegraph showed price rises, with white cabbage (a favourite of millions of Chinese households) and river fish showing the sharpest rise at almost 50 per cent compared with last winter. ...More......

How are things with many on this board who live in china .Does this article show a true picture today?

[Guest Tony n Terrific]

My wife was complaining that price of fruits & veggies shot up the past few weeks.

[ShaQuaNew]

 

How are things with many on this board who live in china .Does this article show a true picture today?

 

There is a slight increase in the prices for some items, but nothing that changes what we buy. The Chinese seem to cope very well to changes in prices as when something goes up in price, they either just buy it, or just get something else.

 

Another factor is that the Chinese eat a lot of fruits and vegetables. It's winter right now, and many of these items are either not available, or if you can find them, they are much higher. That's to be expected. The prices for most everything are higher in winter and go down again come spring.

Edited January 24, 2010 by ShaQuaNew (see edit history)

[Randy W]

 

How are things with many on this board who live in china .Does this article show a true picture today?

 

There is a slight increase in the prices for some items, but nothing that changes what we buy. The Chinese seem to cope very well to changes in prices as when something goes up in price, they either just buy it, or just get something else.

 

Another factor is that the Chinese eat a lot of fruits and vegetables. It's winter right now, and many of these items are either not available, or if you can find them, they are much higher. That's to be expected. The prices for most everything are higher in winter and go down again come spring.

 

 

Come on down to Guangxi, ShaQ! Strawberries are a little off season, but still fairly favorable. Lychees are kind of spotty as to availability, but you can find them.

 

15C is a cold spell, 10C is absolutely freezing.