Weak dollar may lift China inflation
By Wei Tian | China Daily | Updated: 2011-08-02 08:10
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Even if the US debt crisis is resolved, it will push up commodity prices and increase China's imported inflation over the long term, analysts said. China's consumer price index in June reached a three-year high of 6.4 percent. Adam Dean / Bloomberg |
BEIJING - Though there appears to be a light at the end of the US debt crisis tunnel, the agreement reached over the weekend in Washington won't remove concerns over a weaker dollar, which will push up commodity prices and increase imported inflation in China over the long term, analysts said.
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