Monday, June 07, 2010

Changes in China Could Raise Prices Worldwide

“For a long time, China has been the anchor of global disinflation,” said Dong Tao, an economist at Credit Suisse, referring to how the two decade-long shift to manufacturing in China helped many global companies lower costs and prices. “But this may be the beginning of the end of an era.”

Changes in China Could Raise Prices Worldwide - NYTimes.com

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