What do you think the impact of commodities inflation will be on China’s overall growth story?
"Printing money is going to have an effect on commodity prices, there is no question about that. Throughout history whenever governments have printed money it’s led to rising commodities prices, and now the whole world is printing money. Food inventories are the lowest they’ve been in a decade, farmers can’t get loans, you can’t get a loan to open up a new mine – it’s not hard to see that prices are going to rise. China has one advantage in that it has many of its own commodities, but prices are going to go higher, [and that will affect growth]. Is that the end of the China growth story though? I doubt it."Says Jim Rogers in an interview with China International Business
No comments:
Post a Comment