Officials say prices have "gone up moderately" in China, but people said prices have already doubled

Published 2021년 1월 28일

Tridge summary

China is experiencing a significant surge in prices, with food costs doubling in just two months, according to grassroots reports. Despite the Central Bank's prediction of a moderate price increase, the public claims the rise is unsustainable. Residents from various cities report similar price hikes in essential food items and home appliances, blaming the new crown epidemic for the economic strain. Critics argue that officials are coining new terms to prevent social unrest, as the double challenge of job losses and rising prices leaves many struggling to make ends meet.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Epoch Times January 29, 2021] China’s prices are skyrocketing. Chinese officials said at a press conference that China’s price levels will remain "moderately rising," but the grassroots said that compared with two months ago, current food prices The increase has doubled, and the increase is almost crazy. With regard to Chinese prices, officials and the people currently have two completely different rhetoric. On January 15, Chen Yulu, deputy governor of the Central Bank of China, said at a press conference of the State Council that the price level this year is highly probable. Will maintain a moderate increase. However, ordinary people vomited the bitterness of skyrocketing prices when interviewed by Radio Free Asia. Mr. Gao, a Wuhan resident, told Radio Free Asia on Wednesday (27th) that the current price increase is by no means "moderate": " The State Council said that the moderate increase is too "moderate". It is too "moderate" to the people can not survive. Today I happened ...

Source: Epochtimes