China question
Source Doug Henwood
Date 03/10/27/11:41

Date: Mon, 27 Oct 2003 10:01:32 -0500
From: Doug Henwood dhenwood@PANIX.COM

Michael Perelman wrote:

>I am reading all sorts of reports about soaring Chinese demand
>pushing up commodity prices.  Has anybody thought abut the extent
>to which this effect undo the the beneficial effects of cheap
>Chinese imports??

Commodity prices, outside oil, have almost no effect on general
inflation levels. The major cost these days is labor; raw materials
are, by comparison, trivial.

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