"This is quite serious," said Arthur Kroeber, managing director of Dragonomics, a Beijing-based economic research firm. "We now know they poured too much money into the system."
Kroeber said CPI could rise to about 5% by spring.
The unusually harsh winter has damaged produce supply, sending prices upward. Chinese are especially vulnerable to these shifts because they rely more on fresh groceries.Commercial
Arthur Kroeber is a speaker at the China Speakers Bureau. When you need him at your conference, do get in touch.
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