As the editor of Cabot China & Emerging Markets Report, I keep a very close eye on what’s happening in the Middle Kingdom. So I can follow the Chinese government’s attempts to guide their economic and social juggernaut toward prosperity while maintaining stability and protecting both the environment and their own jobs. Inflation has been the big story for the past couple of weeks, as China’s February Producer Price Index (PPI) rose 7.2%, which was the biggest jump since October 2008. I’ve written before about the delicate balancing act of keeping the growth of China in the sweet spot,...