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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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