Inflation remained subdued in China last month and well below the government’s official target, clearing the way for policymakers to pursue any new stimulus measures.
Consumers paid 2.7% more for goods and services in July than they did a year ago, the government’s National Bureau of Statistics reported on Friday. Inflation this year has been very moderate in China, removing at least one worry for officials in Beijing as the world’s second largest economy slows.
via CNN
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