Chinese student farms pigs for inflation profits
“But now, once the piglet has grown he’s much pricier, and I’m making bigger profits.”
That's just priceless. Literally.
China's 20pc wages rise prompts inflation fears
Wages in China's cities have risen by almost 20 per cent since the start of the year, the government in Beijing said yesterday, adding to fears that the country's economy is overheating and might export inflation round the world.
It's a good thing we don't import much stuff from China then. Whew!
China diesel squeeze persists as oil tops $93
BEIJING, Oct 29 (Reuters) - China's worst diesel rationing in four years may last several more weeks as record oil prices choke output from independent refineries and the top suppliers show no rush to top up imports, industry officials said on Monday.
I hope they don't resort to price fixing. That never works.
China's independent plants, owned by local governments or private businesses, have either cut production deeply or halted operations altogether as they face losses from processing costly crude or fuel oil into products such as diesel and gasoline, the price of which is kept low by Beijing.
Oh. Neverminnd.
Q4 GDP Tracking: Mid 2% Range
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Fed Chair Powell, Nov 7, 2024:
"It's actually remarkable how strong the U.S. economy is performing. We're
performing better than all of our global peers. ...
3 hours ago
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