Rising Chinese Inflation to Show Up in U.S. Imports

Currency devaluation inevitably leads to loss in purchasing power.

Headline: Rising Chinese Inflation to Show Up in U.S. Imports

When garment buyers from New York show up next month at China’s annual trade shows to bargain over next autumn’s fashions, many will face sticker shock.

“They’re going to go home with 35 percent less product than for the same dollars as last year,” particularly for fur coats and cotton sportswear, said Bennett Model, chief executive of Cassin, a Manhattan-based line of designer clothing. “The consumer will definitely see the price rise.”

Source: finance.yahoo.com