Global Trend Change!

The effects of devaluation are felt around the global. Soon the cost of goods labelled made in China will be increasing among its trading partners.

You are about to read one of the single most important pieces of this year. China to be the engine of inflation going forward? From the NY Times, China helped many global companies lower costs and prices. “But this may be the beginning of the end of an era.”

The changes are coming about because of the growing clout of workers in China’s sizzling economy, analysts say, and because soaring food and housing prices are eroding the spending power of migrant workers.

Source: kingworldnews.com