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Unwilling to slow inflation by letting real interest rates rise into positive territory, China...

Unwilling to slow inflation by letting real interest rates rise into positive territory, China resorts to price controls and other diktats. The latest: bringing in representatives from the 4 largest breweries to grill them about recent price hikes, the NDRC chillingly concluding recent liquor price gains are inappropriate.
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Comments (2)
  • JamesPond
    , contributor
    Comments (48) | Send Message
     
    grain supply short....price got to go long..er.
    8 Apr 2011, 04:26 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6368) | Send Message
     
    (Cultural differences)

     

    When the U.S. Congress calls a businessman to the carpet, the establishment media logs populist coverage of Schumer or Frank standing up for the little guy, raking the fatcat over the coals and the businessman leaves, after apologizing. Once back at the office, he sends a memo to the planning office to look into a possible move to China.

     

    When the Chinese businessman gets called to the carpet he disappears on the way back to the office.
    8 Apr 2011, 04:38 PM Reply Like
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