Stephen Grenville unpacks China's 5.3% inflation rate:
The 11.5% increase in food prices over the past year would be of more concern to Beijing than the overall inflation index. As was demonstrated in Egypt, food price rises are the stuff of revolutions. Food makes up one third of China's inflation index, twice the weight typical in Western indices, though even this high weight would not adequately reflect the importance of food in the consumption basket of the vast bulk of the poorer Chinese population.
The Dish 