Sunday, April 24, 2011

Strike reinforces China’s fear of inflation

http://www.ft.com/cms/s/0/030231de-6e68-11e0-a13b-00144feabdc0.html?ftcamp=rss#axzz1KSzw4qtp

In light of China's inflation problems, and rising diesel costs, the truckers of Shanghai have gone one strike. In an effort to keep news of this from spreading, a media blackout of the issue is in effect on the mainland. With Beijing having raised fuel prices twice already this year, and inflation expected to continue, China is discovering that inflation could prove to be a volatile trigger.

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