While wealth is spreading in China, the country needs to remain vigilant about inflation, Reuters reports. Prices for food and other products are rising, and consumer inflation is running near 12-year highs. Food prices alone rose 21.4% from January to March this year.
China’s ETFs have lost much of their huge gains from 2007. A turnaround for this country is eagerly awaited.
- iShares FTSE/Xinhua China 25 Index (FXI), down 13.7% year-to-date
- PowerShares Golden Dragon Halter USX China (PGJ), down 22.1% year-to-date
- SPDR S&P China (GXC), down 16.7% year-to-date
