Ok, which of today’s following headlines is real?
China imposes “Harmony” tax on foreign companies
Beijing declares talk of Inflation a “thought crime”
When in doubt, blame foreigners
China fines Unilever $300,000 for talk of possible price increases
The last one is the actual headline but the first three could have been the subheads. Inflation has risen 5.4% in China this year and keeping prices under control is a top priority for 2011. Patrick Chovanec, an economics professor at Tsinghua University in Beijing said today that China’s leaders are “trying to put out fires and the fire of the day is inflation…” If you were wondering, yes, the government can impose these fines. The only constant in China is finding out how much you don’t know, no matter how long you have been here.
Read more here: http://www.technomicasia.com/blog/2011/05/09/unilever-gets-mouthwashed-by-beijing-over-inflation-price-talk/
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