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Submitted by Benilyn U. on
China's central financial institution once again bumped up the level of cash reserves the nation's banks must hold. The move is a try to control Chinese inflation that is emerging as a severe threat to a global economy reliant on cheap Chinese exports. A 25 percent tariff on Chinese imports is the solution floated by Donald Trump, whose attempt to score points with such a canard has inspired laughter among the cognoscenti. Here is the proof: China struggles to curb inflation that threatens global growth