By Nigel Chalk
(Version in 中文)
It was pretty clear to me on a recent visit that China has become one of the biggest global markets for Angry Birds. The game was everywhere and around 100 million Chinese downloads are expected this year. It made me wonder if this was somehow linked to rising concerns over inflation and a way of getting back at those (increasingly expensive) mischievous green pigs.
Certainly inflation has been a key feature of the environment this year in China and one should pay close attention to it. Rising inflation is a crucial social concern and takes a heavy toll on household incomes that are already struggling to keep up with economic growth. (more…)
Filed under: Asia, Economic outlook, Emerging Markets, IMF, International Monetary Fund, 中文 | Tagged: asset price inflation, bottlenecks, China, excess labor, food inflation, food price shocks, food prices, IMF, iMFdirect, inflation, International Monetary Fund, Macroeconomic policies, overheating, pork prices, property prices, skills gaps, surplus labor | 2 Comments »