More inflation warnings on Wednesday in China, this time from a highly symbolic source. The price of a Big Mac has risen from Rmb14 to Rmb15 at the branch of McDonald’s around the corner from the FT’s Beijing bureau – part of an across-the-board price hike that the US fast food chain blamed on rising costs of ingredients – even if that is still less than two-thirds of the price of a Big Mac in the US.McDonald’s is getting more expensive just as government’s planners appear to be... (Read More...)
Financial Times - Beyond the Brics
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