The Effect of China on Global Prices
AbstractThe dramatic growth in China's exports of consumer goods such as clothing, toys, and electronics, and imports of primary commodities such as oil and metals is having major effects on global supply and demand. In examining China's role in global relative price changes, Francis finds that downward pressure on the relative prices of consumer goods is likely to persist as China's large labour supply continues its migration into manufacturing. Likewise, China's size and growth will also remain key drivers of global commodities demand for some time. Despite these forces, inflation-targeting central banks have the tools to keep inflation close to target, thus offsetting any persistent upward or downward inflationary pressure.
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Bibliographic InfoArticle provided by Bank of Canada in its journal Bank of Canada Review.
Volume (Year): 2007 (2007)
Issue (Month): Autumn ()
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- Dovern, Jonas & Gern, Klaus-Jürgen & Jannsen, Nils & Scheide, Joachim & van Roye, Björn, 2008. "Weltwirtschaft im Abschwung," Open Access publications from Kiel Institute for the World Economy info:hdl:10419/28829, Kiel Institute for the World Economy.
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