China and Food price; Growth of international food inflation rate regarding power of China
How is china impacting international food price or economy?
What are some factors that made China became so influential worldwide in terms of inflation?
In this situation, what would be caused and what should others do for now and the future?
1) China as growing power has big impact on international market, especially on the food price.
2) Middle class of China is emerging and therefore their power is growing, both factors influences on inflation rate worldwide.
3) Steep rise of inflation rate leads to serious food crisis of hunger for other countries while China handles such problem. They should be aware of the flow and be ready for the crisis.
People tend to think that price of any kind of goods usually goes up as time passed. Although we do complain when we find out any ice cream or snack is no longer 1dollar, we still are willing to pay more and get used to those rising prices. Mostly, such movement has happened very often but gradually and in various or all of fields in international market. However what became issued is that the food price went up sharply in a very short term and on its background, China played a big role as a rising power. Although it is true that there are many other factors that may have led the food price steeply risen up, looking at the global flow that mutually works internationally, the focus should be stayed on China as their enlargement must have a relationship with this increment of price. Moreover, this may cause food crisis as well as economic crisis in other countries, which alarms them to be aware of this situation and be ready for it.