Chinese inflation rate rises to 3.6% in March

The article can be found HERE

Personal Reaction

I was surprised when I read that China suffers from inflation. All this time I thought that third world countries like the Philippines are the only ones that suffer from inflation. Up until now, I never would have thought that first world countries can also suffer from inflation.

An increase in the rate of inflation is bad news to the people since the prices of items would increase. Businessmen are sure to be affected especially those who rely on buying and selling Chinese products. Since the inflation rate in China increased, businessmen would spend more to get the items they need for their business. Social unrest might also occur because of the increase and will only give problems. It's quite sad since I have relatives staying in China.

I suggest that the people in China spend their money now and not wait for a price drop so they can get things cheaper since their economy is expected to get worse in the next few months. They can also save it until they really need it because we can never be certain of our expectations nor can we predict the future.