Chinese feel imported inflation pressure, from coffee to crude to cosmetics

Feb 23, 2022 | INVESTING

As American consumers from New York to San Francisco are sipping the most expensive coffee in a decade, China’s middle class is finding that surging bean prices have left a bitter taste in their mouths.Many white-collar workers in big Chinese cities, who have taken a cue from Western drinking habits and made China one of the fastest-growing markets for coffee, are now lamenting the rising cost of socialising with friends and business partners in cafes.And their complaints are echoing across…

Read More

Pin It on Pinterest