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Opinion

Three ways Chinese inflation is a global game-changer

Not yet at risk of overheating, price trends are moving in the wrong direction

| China
Shoppers see price tags at a supermarket in Fuyang on Feb. 16: Cost dynamics in Asia's biggest economy could portend a fresh batch of global woes.   © Sipa/AP

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

An uptick in Chinese consumer prices may seem small potatoes as U.S. inflation posts 40-year highs, Russia skirts default and Sri Lanka burns. But cost dynamics in Asia's biggest economy could portend a fresh batch of global woes.

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