BRIC under the pressure of global inflation

时间：2007-12-06 08:29:53

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Chinanews, Beijing, December 6 – According to the Policy Research Office of the National Development and Reform Commission of China, inflation has become a global phenomenon nowadays, and Brazil, Russia, India and China, the so-called BRIC, are all under its pressure, and witness fierce CPI hike.

 

In last September and October, Russia, South Africa, Argentina, Indonesia, India and China all witnessed a CPI hike of over 5%. The proportions in Brazil in those two months were 4.1% and 3.3% respectively. China ranked 8th on the list with its CPI hike of 6.5%.

 

The continuous growth of global economy, excessive liquidity1, depreciation2 of the US dollar, the reduction of output in major agricultural countries, the production limit of OPEC, the growing demand for food and bio-fuels, etc should all be blamed for inflation.

 
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1 liquidity VRXzb     
n.流动性，偿债能力，流动资产
参考例句：
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
2 depreciation YuTzql     
n.价值低落，贬值，蔑视，贬低
参考例句：
  • She can't bear the depreciation of the enemy.她受不了敌人的蹂躏。
  • They wrote off 500 for depreciation of machinery.他们注销了500镑作为机器折旧费。

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