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发帖数: 6973 | 1 Carolyn Cui, Chinese Take a Cotton to Hoarding. Wall STreet Journal, Jan 29,
2011.
http://online.wsj.com/article/SB10001424052
748704680604576110423777349298.html
(China, the world's largest cotton consumer; Pakistan, the third-largest
user; The U.S. is the world's largest exporter of cotton.
My comment: For years I have wondered causes of hyper-inflation in China
before 1949, which somehow was tamed soon afterwards, despite the facts that
communist leadership had no training in economy and a year later China
entered Korean War. (Communists executed millions in the following years,
but the number would be a drop in the bucket, relative to the entire
population.) One possibility was that peasants in KMT controlled areas
hoarded produces--on their own or driven by communists--which were released
after communists arrived. If so, the situations (namely causes of inflation)
in China are again similar to those before 1949. |
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