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Inflation in China a cause of worry for the West

New Delhi, Thu, 03 Mar 2011 ANI

New Delhi, Mar 3 (ANI): With inflation continuing to remain at an all-time high in China over the past few months, complaints surfaced in the west that China's uncontrolled fiscal expansion and the rising labour costs have pushed up inflation, which could spill over to the rest of the world.eijing-based economists, however, said that some people in the West misread China's economy and that their complaint was vague and not based on facts.


Actually, China is also a victim of global inflation, which is mainly caused by America's ultra-loose monetary policy, China's Xinhua news agency quoted the economists as saying.


China implemented a four trillion Yuan stimulus package at the end of 2008 to get rid of the negative impacts of the global financial crisis and to keep away from a sharp economic slowdown.


Most countries in the world lauded the stimulus measures as a timely boost, not only to the Chinese economy, but also to the global economy.he measures helped the Chinese economy to grow 9.2 percent in 2009 and 10.3 percent in 2010.


Negative impacts, however, emerged as the financial growth, which highlighted more than 1.8 billion yuan of new loans, also led to inflation. (ANI)


Read More: Delhi | Inflation

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