Sichuan earthquake and inflation

http://www.interest.co.nz

Chinese earthquake and what it means for global economy and New Zealand
Economics the Dismal science
Death toll over 11,900 in Sichuan earthquake
But what does it mean for inflation and demand for commodities from China
This matters because China is our third largest trading partner and the RBNZ
Is watching inflation closely in Asia and Australia, our largest trading partner
Australia is exporting the iron ore, coal, nickel and other minerals that power China's industrialization
China now biggest consumer of concrete and steel in the world
So when an earthquake hits and causes so much destruction, it's worth trying to understand what it means for the global economy
Citigroup estimates earthquake hit regions generate 18% of Chinese GDP
But it sees the biggest impact on inflation
Reconstruction demand will increase already hot demand for steel and concrete and construction workers
China has ordered the closure of mines and gas fields
Sichuan produces 22% of China's gas
1% of China's power output was shut down because of the earthquake
Citigroup sees inflation pressures growing
Annual Inflation hit a 10 year high of 8.5% in April, just off a 12 year high of 8.7% high in February
China's central bank increased its reserve requirements for banks, but many say it needs to allow a significant increase in the renminbi and interest rates to really slow the economy

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[auantkey]

Shame on you, the host.

People died there, and you are talking about economic...

I really can not believe this. Shame on you.

[fish2ra]

PIGGGGGGGGGGGGGGGGGGGGG

[annzzii]

fk you, do you know how many people's lives have lost?? have you helped ?? have you donated?? comparing with what you are talking about in this video, I can clearly see what is more important to you! You heartless pig!

[someaznbastard]

是一场思念　血泪间　爱恨到永远

[amandakoindigo]

I feel like vomiting from the disgust...

[pmwiki88]

asshole! u son of bitch!

[kiroro56]

ppl are dieing, you son of bitch!

[wangchris8525]

You're a idiot.what you said about the economy are totaly bull shit. when there are so many people died over there, the only thing you care is this. totally nonsense!!!

[lucylu828]

hey,Dump.shut the fuck up you motherfucker!!!

[diorlover02]

The most disgusting thing that I ever seen! Shame on you and your family, fucking asshole!

[cando009]

once again, chinese ppl are shocked by you cold-blooded westerners.

Thanks for your help, you're losing the whole generation of young chinese to the Communist party.