By Daily Crux Editor Justin Brill:
China may have gone too far.
The country's been inflating its money and credit supply with reckless abandon. It has to in order to keep the economy growing at 10% a year.
But that inflation could now be spreading into unwanted areas. China's consumer prices rose 2.7% in February from a year ago... Food prices alone jumped 6.2%.
If this trend continues, the government will be forced to clamp down on its easy money policies, and that could have a dramatic effect on the Chinese - and global - economy.
Read full article...
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