The People’s Daily Online has a post detailing a National Development and Reform Commission (NRDC) official’s statement on the continuing inflationary pressure in China. International grain and oil prices get the bulk of the blame. Continuing inflation will affect the costs of product and labor wages. Source: People’s Daily Online
Yuan Strengthening Not Good News for Companies Sourcing Product in China
A Wall Street Journal article lays out the pros and cons of the strengthening Yuan – emphasizing that all companies buying from and selling to China need to adjust. Companies sourcing and manufacturing product in China need to be aware of currency exchange news and how it affects inflation, labor and the cost of product. [...]
Bubble in the Iron Ore Market?
ANY CHARACTER HERE Bloomberg is reporting on Baosteel Group Corp’s assertion that the iron ore market has reached “bubble market” levels. With the big market players investing more and more in expansion, one wonders if the global demand can keep up. The opinion is that “prices will definitely fall at some point.” Companies manufacturing and [...]
China Rationing Electricity
According to an article in the Wall Street Journal provinces in China are rationing electricity. Now would be a good time to check in with your factories in China to make sure production is going smoothly. Companies sourcing and manufacturing product in China need to be aware of energy and utility news and how it [...]
China Inflation at 5.3% in April
China’s benchmark consumer price index came in at 5.3% for April. Despite the the government’s effort to reign in pricing, inflation keeps at its growing rate of above 5%. Companies sourcing and manufacturing product in China need to be aware of inflation news and how it affects the cost of product. Source: The Financial Times
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