corrupt no escape, called the overseas pursuit version 2.0 "Skynet" action, has just opened on the big screen to a small climax, the drama behind the more worth the wait. China's inflation rate in the end how high The appropriateness of monetary policy in the end This is the NPC and social topics of general interest. This year's government work report also mentioned, in the past five years, China's inflation rate is far below that of other emerging economies. This may be true, but China's consumer price index (CPI) data is hard to believe. If the Chinese CPI data is severely depressed and data from other countries is true, then take the Chinese in

[link Point to another website Only the registered members can access] flation rate than other countries with no sense.Makes one wonder why the official inflation rate A simple way to judge is to take China's inflation data with the United States to compare. From 2000 to 2012, China's CPI prices rose a total of around 31%, while the US price rose 36 percent over the same period cumulative. According to these data, it should be the extent of the depreciation of the dollar over the years the yuan higher purchasing power of the dollar should fall more fishes. But often travel between the two countries people know that you do not feel the purchasing power of the dollar in the past two years the number dropped, but today one hundred yuan to buy something, but far less than twelve years ago, people feel RMB inflation rate is much higher than the United States not only inflation, but also much higher than the official inflation rate in China.To the author's own experience, on one hand all these years to see the two countries official inflation rate is always very close, on the other hand sit and see the yuan more feel worthless while the purchasing power of the dollar has too many changes. In 1986 when I first came to the US to study at Yale meal around an ordinary lunch costs $ 6,7, a decent shirt to be about $ 20; today, 26


years later, the same restaurant for lunch may take the same 7,8 dollars, or about $ 20 a shirt. This twenty years the US price is a bit up, but with China's actual price increases immeasurably, is on the order of magnitude difference, one hundred yuan can buy something today when only a fraction of the 86 years. These experiences tell us: China's official inflation data is questionable.Many experts say that "people can not feel how serious to determine the rate of inflation." This argument is clearly untenable, because the reason to have the consumer price index and producer price index (PPI), is to reflect the experience of people living in the price changes by the former, otherwise there can be a producer price index. If the residents of China's official consumer price index does not reflect price changes people feel, can only explain the structural problems of this index is very serious, reflect the true situation, even after manipulation to deliberately low.Of course, the artificially low rate of inflation can be a lot of convenience to the official, despite this disadvantage for the people. For example, to send money over to help. Thus, even if

[link Point to another website Only the registered members can access] the actual issue too much currency, the yuan, even if people feel less and less valuable, however, can not see from the official rate of inflation, so that people think there is no basis to complain. Manipulation of inflation certainly provide the conditions for further Super currency for the convenience of the government through monetary policy to stimulate prosperity surface. Unfortunately, junk currency, inflation is actually equal to the increase in government transfer wealth of the people, the property is transferred to the hands of the government through the


invisible hand of the people, is a kind of plunder.As another example, the report presented to eighteen in 2020 to achieve the per capita income of urban and rural residents in 2010 than double. If the official inflation rate is artificially low a lot, of course, is more conducive to achieving the goal, because even if the real purchasing power per capita income growth count did not rise much even, but you can still achieve revenue doubled on the surface, in the official CPI artificially low printing more money will be able to help achieve revenue increases, although such income doubled moot. Revenue rose But "over the more poor" will be a lot of people's true feelings.Because of the rapid decline in contrast to the official inflation rate has been lower purchasing power with the formation of the renminbi is too great, it is not surprising tha

[link Point to another website Only the registered members can access] t high society grumbling, but it should be. To help artificially low inflation data release, the official media began to shift the focus of the discussion, said, "not the M2 to GDP ratio is high and the currency over equate", "M2 to GDP ratio that is in itself unscientific , , broad money supply (M2) is a stock concept, while GDP is a flow concept, with the stock and flow data for a period of one point comparing ratios were obtained, there is no meaning. "High ratio of M2 to GDP and monetary Super certainly can not draw parallels, however, this can not explain with the total removal of GDP as the reference number M2 does not make sense, because, after all, "M2 to GDP ratio," Can you tell us with respect to each piece How many dollars money GDP output broad money circulation in society, although this ratio can not be equated to money over or inflation, but still has its value