Rising inflation and house prices in China

China Daily reports that consumer prices rose to a 16-month high in February, up 2.7 percent from a year ago, while producer prices are now rising at a 5.4 percent annual rate. This follows reports yesterday that, despite recent efforts to cool their housing market, property values saw year-over-year gains of 10.7 percent last month.
Food prices rose more than six percent from year ago levels and, while some economists say inflation will cool in the months ahead due to more favorable annual comparison, it should be clear that some of the recent $1+ trillion in government sponsored credit creation is now starting to show up in the prices of things other than housing and copper.

It doesn't look as though this is helping the housing market cool off:

Facing ever-rising housing prices in China, only 18 percent of mothers told a recent survey they were willing to let their daughters marry men who only rent their homes.

Apparently, in a country where the male-to-female ratio is already higher than normal due to the "one child policy", men are at a distinct disadvantage with their potential mother-in-law if they are not already, or soon-to-be, homeowners.