Tang, K., C. Wang, S. Wang——Emerging Markets Finance & Trade: China's Imported Inflation and Global Commodity Prices
时间:2014-03-24
In this paper, we outline China's imported inflation via global commodity prices. We show that the prices of China's imported commodities are strongly related to global commodity prices. Meanwhile, the final goods prices from upstream industries are strongly influenced by global commodity prices. However, this effect is partially offset by the production process--that is, the final goods prices in downstream industries are generally less affected by global prices. This indicates that China's com