China Hyper inflation by massive purchases of dollars (in September, the emission is almost three times the GDP)

China Hyper inflation by massive purchases of dollars (in September, the emission is almost three times the GDP)
Good night:
After massive purchases of dollars by China is now entering hyper inflation Greetings from Peru
Growing controversy over the implications of excessive inflation http://spanish.peopledaily.com.cn/31620/
Amid growing complaints from consumers, followed by a new round of price hikes, has generated a heated debate on the possible implications of the current level of inflation as well as in connection with any possible fallout for the second largest world.The economy critics attribute the current trend to excessive inflationary issuance of banknotes and the easing of monetary policy adopted by China's central bank since the financial crisis broke global.Wu Xiaoling, deputy director Financial and Economic Committee National People's Congress (NPC), said in an interview with China Economic Weekly that the central bank had issued an excess of money in recent years, especially in 2009 when the global financial debacle delayed the growth of Chinese economy. In 2000, the disparity between the money supply and economic output stood at 4.6 trillion yuan ($ 669 billion), while the Gross Domestic Product (GDP) amounted to 8.9 trillion yuan and the current was 13.5 billion yuan. But the gap widened to 42.7 billion yuan by September this year when it issued 69.6 billion yuan and the GDP reached 26.9 trillion yuan. (The emission is almost three times the GDP) (By way of comparison with Peru: in circulation in 2009 was 19.497 million suns and GDP 193 155 000 000 soles (soles, 1994 reference year) http://estadisticas.bcrp.gob.pe/consulta.asp?sIdioma=1&sTipo=1&sChkCount=241&sFrecuencia=A
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and the monetary base in Peru of 2009 was 23.548 billion soles against a GDP of 193,155 (based on soles of 1994)
http://estadisticas.bcrp.gob.pe/consulta.asp?sIdioma=1&sTipo=1&sChkCount=241&sFrecuencia=A ) An unbalanced currency market has led to price hikes in consumer goods, especially those in agriculture and by-products, said Xie Guozhong, an economist independiente.El Consumer Price Index of China (CPI) rose by 3, 6 September, when it reached a record high in 23 months, and it is expected that the indicators are more altos.Mientras October, therefore, Yao Jingyuan, chief economist at the National Bureau of Statistics (NBS), noted that prices of materials commodities in China will remain stable, although the October CPI figure could be higher than in September, which ruled out the possibility of higher inflation. "While it is true that both China experienced hyperinflation in the last three decades reached 18.8 percent in 1988 and 24.1 percent in 1994, China's average CPI in 2010 will not exceed the 3.5 year," Yao said last martes.Yuan Gangming, China expert at the Center for World Economy, Tsinghua University, told Global Times that the current inflation rate is still acceptable, given the huge population of país.Sin though, Since November there has been a sharp increase in prices alimentos.En Nanjing, the price of rice increased by nearly 50 percent year on year, reaching about 6 yuan per kilogram, the price of cooking oil rose by about 10 percent in November, up 14 yuan per liter, according to the Yangtse Evening Evening News.Yang Qiuping, a retired accountant in Yingkou, in the northeastern province of Liaoning, and whose monthly pension is about 1,000 yuan ($ 149), said prices of vegetables has tripled over the same period last year. "The price increases do not go hand in hand with increases in the salaries of workers. Savings accounts in banks are less attractive now, given the current low interest rates and high inflation. And yet, we can not afford to make any financial investment, "said Yang.Según a survey of the Federation of China, about 25 percent of the nation's workers have not received a raise in over five years. "Inflation has become a serious concern for the public, especially for the working class, and all indications are that China's CPI will continue to rise over the next two years," said the Global Times Tuesday Cao Lei, analyst Securities signature Ping An.En a measure apparently designed to curb rampant inflation, the PBOC announced on October 19 its first increase in interest rates in nearly three years, from 25 basis points (0.25 %). "Given the fact that the CPI will be located at 3.6 to 4 percent in October, expects the central bank to raise the deposit reserve ratio by three months to help control inflation," said Cao, adding that the earlier rise in annual loans and deposits was suficiente.Para keep inflation within reasonable limits, the authorities should reduce the pace of economic development, while driving revenue and increase distribution investment in healthcare and education. (Xinhua) 04/11/2010Por Zhu and Li Shanshan Guo Qiang Woke contributed to this article
Note that for a poor, when aliementos go up by 50% per annum or oil in a 10% monthly, as almost all destined for food, it's as if a yearly inflation of 50% or 10% monthly Article in the peopledaily, for many, wages are frozen for 5 years which shows that China prefers to go wing hose against the world, before having their own internal problems pais.miren to France on an internal war alone for having raised the retirement age of 60 years to 62 but more serious should be eating 50% less than last month in China One type of definition of inflation is that it is a tax on the poorest, in this case is a tax to subsidize the poorest Chinese export wing bourgeoisie