Egypt and Tunisia tell us what China fears most30 January, 2011, 22:52. Posted by Zarathustra
Tags: Africa, Egypt, Inflation, Jordon, Tunisia
It is now fashionable to talk about Egypt, a country that I have never been to.
For whatever reasons which I know not, the Wikipedia entries for Egypt protests 2011 and Tunisia revolution 2011 cited pretty much the same sets of reasons as far as economic causes are concerned. High unemployment, and food inflation. And now, protests were spreading to Jordan.
Besides having the entire Egypt being cut off from the internet, interesting things are happening in China, where the Chinese authorities are trying to block searching “Egypt” in Sina’ Weibo/microblogging (or Twitter clone). Is China afraid? Of course it is. Because the 1989 Tiananmen Square Protest, which was crushed down by forces, was also, believe it or not, caused by inflation.
There is very little then, that China is worried about what’s happening in north Africa. Inflation is shooting up in China, particularly in food, and within food, inflation of fresh vegetables reached 31% in October compared to previous year (before falling in December, which, given the poor reliability of official numbers, looks quite suspicious).
Source: National Bureau of Statistics
What China fears is probably not inflation itself. Rather, it is the social unrest. So there is very little wonder that they watched what is happening in Africa and feel nervous. But outright revolution? Well, you wish.