Monday, November 22, 2010

Food price controls temporary - Shaun Rein

ShaunReinportraitShaun Rein by Fantake via Flickr
Shaun Rein goes on air in CNBC to explain the confines of the recent food controls imposed by the Chinese authorities to control inflation. Controlling the food prices and lowering the production costs - by killing the toll fees for food trucks - are only temporary measures to bring back confidence of the people, he says. He expects the controls to be limited in time for perhaps one or two months.
And meanwhile he has to address persisting myths on the importance of export for China's economy in the debate: percentage of export in GDP has dropped from 40 percent ten years ago to 20 percent now.

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Shaun Rein is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch.


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