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Based on the UN Common Database, the inflation index in China in 1990 is 100 and in 2002 is 209.25.
That's price has double in 12 years. Applying the 72 factor, the average inflation rate in China is 6% for the period (72%/12 = 6%).
There is no data after 2002, but general observation is inflation in China has increased.
Source of information:
http://globalis.gvu.unu.edu/indi ... amp;IndicatorID=152
The growth rate in China in these years is about 8% per year. We can't deny the fact and we should be happy to see China is taking off.
Be humble though. China still a developing country. The economic development and people's life are far below those developed countries/regions, e.g. USA, Canada, EU, Japan, Korea, Taiwan and Hong Kong.
Let's hope China will catch up in 15 to 20 years. |
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