Comments on: China is still waiting for inflation to peak Next stop? China Fri, 06 Jul 2012 10:45:14 +0000 hourly 1 By: FirstAdvisor Thu, 01 Sep 2011 23:02:06 +0000 Strangely, the essay doesn’t mention that the Chinese government just changed its tax laws this week. As we all know, inflation runs about 18 months behind any indicator. Since the central government has raised the first credit, so that 60 million more of the poorest income earners in the country no longer need to pay any taxes, it is fairly obvious that any inflation will be canceled out by their increased disposable income. Only the writer could explain why he didn’t mention that salient reality in his opinion column.