Tag: Anti-inflation

consumer price deflation economic bubble economic downturn economic stimulus plan farmers food prices inflation NPC 2008 Olympics business overheated economy Premier Wen Jiabao rising costs shanghai stock market Snowstorm 2008 stock market Wen Jiabao

China Battles Rising Prices, Snowstorms

From the Christian Science Monitor: The snowstorms currently sweeping China have wreaked havoc with millions of people’s New Year travel plans and caused $3 billion worth of losses, including thousands of acres of winter crops. But the harsh weather is revealing an even deeper problem for Beijing: the difficulty of trying to manage a mixed economy, which is about 30 percent state-owned and 70