Pork is up. Vegetables are up. Gasoline is up. Even the official numbers, usuall
ID: 2814942 • Letter: P
Question
Pork is up. Vegetables are up. Gasoline is up. Even the official numbers, usually tame, are up.
Prices are rising in China — and that could complicate Beijing’s efforts to prop up a slowing economy and navigate President Trump’s trade war.
Chinese officials said Monday that an index of consumer prices rose in August for the third consecutive month. The increases are not particularly sharp, and Chinese economists point to a number of temporary factors pushing up prices, like floods that have damaged crops and a swine flu epidemic that led farmers to cull pigs.
Question: Explain, in your own words, why the passage is interesting and/or important.
Explanation / Answer
For last few decades China has rarely seent the Prices rise. China always has overcapacity in terms of every sector of production. now with increasing prices, companies from other countries will like push thier exports in the chienese markets.
With US and China stuck in trade war these are good signs for the US to push more products in the Chinese market.