Saturday, December 17, 2011

On the Crisis in China and Developing Unrest

Soaring price inflation in China, caused by vast money printing by the People's Bank of China is intensifying unrest in the country.

The number of protests, riots and strikes has doubled in five years to almost 500 a day last year, according to Sun Liping, a professor at Beijing’s Tsinghua University.

This is why China will not be able to inflate its way out of the developing economic crisis, unrest in China would explode if price inflation got any worse.

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