Inflation Economy Phenomenon

Introduction Recent years witnessed a serious rising prices delivery phenomenon incurred in our country. Since the fist half year of 2007, or so each(prenominal) the foodstuff has raised its determine as twice as it was before. The macro economy circumstance is that only(prenominal) the goods raise the licit injury and the whole economy is too racy. Not only the price of the necessity for life is higher than before, but reside prices fuddle escalated rapidly as well. And the stock market is hot of only time. As it is reported, the Shanghai Stock Index reached to 6000 touch by the date of Dec. 11, 2007, and it is still keep increasing. That means, the stock king change magnitude from 998.23 in June 2005 to 6000 in December 2007 - 6 times append. To all the stockholders, it is so good a chip of news, and their shares may attract a lot profit for them. and to the economists, its so crazy that we cannot accept. Shanghai is an economic focus on for China, and eve ryone is involved. Then, from the beginning of 2007, spates Bank of China has already raised hobby arrays for six times: Since March 18, 2007, pecuniary institutions bench mark yearly puzzle interest center field up increase from 2.52 per centum to 2.79 shareage, one-year bench mark lend commit increased from 6.12% to 6.

39%; Since may 19, 2007, financial institutions benchmark one-year deposit interest rate from 2.79 percent increased to 3.06 percent, one-year benchmark lending rate increased to 6.39 percent from 6.57 percent; Since July 21, 2007, financial institutions one-year benchmark deposit rate by 0.27 component points, from 3.06 percent to 3.33 percent incr ease; one-year benchmark lending rate by 0.2! 7 percentage points, from 6.57 percent to 6.84 percent increase. Since August 22, 2007, financial institutions one-year benchmark deposit rate by 0.27 percentage points, from 3.33% to 3.60% increase; one-year benchmark loan rate by 0.18 percentage points, from 6.84 percent to 7.02 percent increase. Since September 15, 2007, financial institutions...If you want to embark on a full essay, order it on our website: OrderEssay.net

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