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|Friday, December 23, 2011|
BY BILL CONERLY
China’s economy is increasingly important to many American businesses. Even if your company doesn’t export, you may be selling to another company that depends on China for a significant portion of its revenues. I’m not a China expert. But one of my clients asked for some insight with a business perspective on China, so I’ll share what I think corporate executives need to know about the Chinese economy.
Inflation has been the focus of Chinese economic policy in the past year , and right now the policy looks successful. November’s inflation rate was 4.2 percent (measured from 12 months previous), down from 6.5 percent in July. This may be a bit of an aberration, and Chinese statistics should be taken with many grains of salt, but feet-on-the-ground observers think that the general trend is certainly true. China will likely allow growth to expand in 2012.
Bill Conerly is a Portland economist and author of the Businomics Blog.
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Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
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