date:Oct 18, 2012
The moderating food price inflation in China is leading to more room for consumption growth, said Carl Weinberg, chief economist at High Frequency Economics.
Speaking at an investment conference in Singapore on Wednesday, Weinberg said the significant food price inflation in China is like a massive fiscal stimulus.
The majority of the Chinese population still spend 35 to 45 percent of their income on food, and a moderation in food price inflation means they will have more to spend.
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