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China's July inflation holds steady
China's inflation is holding steady amid signs its deepest economic slump since the 2008 global crisis might be stabilizing
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China's inflation is holding steady amid signs its deepest economic slump since the 2008 global crisis might be stabilizing.
The government reported Friday that consumer prices rose 2.7 percent in July, in line with June's increase and below the government's 3.5 percent target for the year. Food prices rose 5 percent.
Pressure for prices to rise has been relatively low in China due to weak demand and more supply than demand in many industries.
Trade and other indicators suggest an economic slowdown that dragged growth to a two-decade low in the latest quarter might be stabilizing. A recovery might add to pressure for prices to rise.
