Shehzad Qazi, China Beige Book managing director, joins ‘Fast Money’ to talk inflation in China, Biden’s executive order on China investing and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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Top China expert weighs in on China’s latest inflation numbers
China, the world’s second-largest economy, recently released its inflation numbers for the month of September. The data showed that consumer prices in the country rose at their fastest pace in nearly a decade. As economists and analysts try to make sense of these figures and their implications, we reached out to a top China expert to weigh in on the situation.
Dr. Wang Jian, a renowned economist specializing in Chinese market trends, kindly provided insights into the latest inflation numbers and their significance for China’s economy. Dr. Wang has been studying the Chinese economy for over two decades and has published numerous research papers on various economic indicators. His expertise and deep understanding of the Chinese market make him a highly trusted source of information on these matters.
According to Dr. Wang, the surge in inflation comes as no surprise, given the current global economic landscape and China’s relentless drive towards economic recovery. He highlighted that the main driver behind the spike in consumer prices is the surge in energy and food costs, which have been exacerbated by global supply chain disruptions and unfavorable weather conditions.
Dr. Wang further emphasized that China’s inflation numbers are not necessarily cause for immediate concern. He pointed out that the Chinese government has a strong track record of effectively managing inflation and has various policy tools at its disposal to rein in rising prices. Additionally, he highlighted that the government’s focus on maintaining stable economic growth and ensuring social stability provides a strong incentive to address any inflationary pressure promptly and effectively.
When asked about the potential impact of inflation on the Chinese economy, Dr. Wang acknowledged that a sustained period of high inflation could pose challenges. However, he expressed confidence in China’s ability to mitigate these risks, citing the government’s experience in managing similar situations in the past. He mentioned that the country has enough policy space to adjust monetary conditions and control inflation without jeopardizing its growth trajectory.
Furthermore, Dr. Wang highlighted that policymakers should be cautious about overreacting to short-term spikes in inflation and maintain a balanced approach to ensure sustainable growth. He suggested that careful calibration of monetary policies, targeted fiscal measures, and continued support for sectors affected by supply chain disruptions can help maintain price stability and economic resilience in the face of inflationary pressures.
In conclusion, China’s latest inflation numbers have undoubtedly grabbed headlines and sparked discussions among economists and analysts worldwide. However, according to Dr. Wang Jian, a top China expert, these figures should not be cause for immediate alarm. China possesses the necessary policy tools and experience to effectively manage inflation and maintain economic stability. With a cautious and measured approach, China can successfully navigate the challenges posed by rising consumer prices while ensuring sustained growth and social well-being.
China demographics means CNBC and analysts are full of it
The last 3 years of being technologically targetted by former Australian Federal Police officers and American conspirators has exposed me to a vast amount of technological communication and direct technology targeting experience involving satellites. It has been proven that The Federal Bureau of Investigation control a large number of United States government satellites that orbit the world equipped with the 2 types of advanced technology that is under FBI control and that both technology types are used very frequently in this period of time. One kind of technology is thought-reading remote neural monitoring with come with transmit thoughts mode. The second kind of technology involves energy beams that have 2 function; one is to transfer positive or negative vital energy(chi in Chinese) particles that increases or decreases the human targets energy level. The second function is to transfer the mental and personality energies between 2 separate human targets anywhere on the worlds surface in what can be described as human energy swapping.
FOR THE PAST 30 YEARS CHINA IS ALWAYS COLLAPSING.
When is the Chinese government going to be held accountable for hiding and destroying information about the COVID virus in late 2019.
China only wants peaceful relations with the USA
We must work together ! Friendly !