On the economic front, China is paying the price for its rescue plan.
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While inflation has been on the rise recently in China, 75 percent of the price increases are due to jumps in food prices, particularly for fresh fruits and vegetables.
The National Bureau of Statistics in China reported on Nov. 4 that the average price of everything from rice to soybeans is either unchanged from the previous month, or lower.
The weaker-than-forecast China PMI did help to put some downside price pressure on the raw commodity markets overnight, including gold and silver.
China relies on Australia for imports of iron ore, the price negotiations for which are increasingly acrimonious.
In fact, visitors to a typical jewelry shop in India or China likely will not find a fixed price on the items they want to buy, as they would in say New York City.
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Citigroup, for example, put a strong buy recommendation on China Resources Land, a property company, in mid-September, saying the share price could appreciate by 20%.
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No word on price or availability, though we should see it in China before it the end of the year -- now we've just gotta figure out how to sneak one into the States.
That kind of trading inefficiency looks bad for China and would be an embarrassment for the NYSE, which prides itself on its ability to price shares cleanly.
The government has refuted a China Business Times report on Monday of a 30% gas price hike that triggered nationwide panic buying and long queues for fuel, says Southern Metropolis Daily.
It said China was on track to become the world's biggest economy by 2016, after allowing for price differences.
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By taking a narrow view of costs, with a principal focus on labor costs, it could appear on a spreadsheet that shipping factories and jobs to China would help the bottom line and pop the share price, and along with that, eye-popping management bonuses.
In China, the Central Bank has raised interest rates and the government has enforced price caps on new properties.
Indeed, China has surpassed the United States as the largest beneficiary of private clean energy investments without a price on carbon.
"We're making a bigger profit on pieces made in America than stuff made in China, and there's huge, huge interest at the Anthropologie price point, " he said.
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