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2008 Economy Crisis - Essay Example

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In the year 2007 the level of inflation in China became the highest in the world. This influenced the prices for food. In 2007 the prices for food became 12%…
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2008 Economy Crisis
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2008 Economy Crisis

Download file to see previous pages... Chinese inflation was caused by the problems in the world economy, which also strengthened the inflation in other countries. In addition to government’s desire to decrease the income of employees, the inflation was also caused by the inflation of dollar and euro. In 2008 the first important factor was the influence of stock markers. Another factor, which caused inflation, was the difficulty with sales of goods produced in China and other countries of industrial periphery (China Inflation Rate).
In 2013 the inflation in China amounted to 2.6% that was much lower that the index set by the government at the beginning of the year. The rapid growth of Chinese economy during the last few years made the country one of the most prosperous in the world, thus the situation is improving in all the areas (China Inflation ...Download file to see next pagesRead More
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