Wednesday, January 12, 2011 1:40 PM

China's Foreign Exchange Reserves Jump by Record $199 Billion; Cost Push Inflation from China? Don't Count On It!

Inflation is officially running in China at 5%. Unofficially, estimates are 10% or more. Is it just a matter of time before these costs get passed through?

The New York Times article Rising Chinese Inflation to Show Up in U.S. Imports suggests just that. http://www.nytimes.com/2011/01/12/busin ... ss&emc=rss

When garment buyers from New York show up next month at China’s annual trade shows to bargain over next autumn’s fashions, many will face sticker shock.

“They’re going to go home with 35 percent less product than for the same dollars as last year,â€