Big time changes in China

Lorraine Luk and Chun Han Wong at the Wall Street Journal believe

the closing of the world’s cheap labor frontier is at hand.

Chongqing (China) may be far away and hard to pronounce. But the workers striking there are actually marking a crucial inflection point. It is one that denotes the world’s central banks have painted themselves into a corner and that the global economic and financial game of the last two decades is about to change. Big time.

Read more here.