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John Authers

China's Inflation Could Be the World's Problem

How the country deals with surging input costs will have far-reaching implications for global growth and prices.

Exporting more than boxes now.

Exporting more than boxes now.

Photographer: Paul Yeung/Bloomberg

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As the start of the month brings its usual deluge of data, it may be best to look first to the East. China has an inflation issue of its own, and it could drive the rest of the world.