Almost all of Asia is behind the inflation curve. And blaming US quantitative easing makes little sense when most of these countries – not just China – have been continuing to mop up US treasuries and other low-yield western debt, rather than follow policies which would damp inflation but might harm exports.
The Spectre of Inflation in Asia
The Spectre of Inflation in Asia
The Spectre of Inflation in Asia
Almost all of Asia is behind the inflation curve. And blaming US quantitative easing makes little sense when most of these countries – not just China – have been continuing to mop up US treasuries and other low-yield western debt, rather than follow policies which would damp inflation but might harm exports.