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China October data points to persisting deflationary pressure

Analysts see scope for further stimulus soon, but were divided on whether that meant further rate cuts or greater fiscal outlays
Wednesday, November 11, 2015 - 05:50
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Although consumer price inflation in China is highly seasonal due to the outsize index weight of food prices, economists also highlighted weakening sequential momentum as a concern.

Beijing

CHINA'S October inflation data showed persisting if not intensifying deflationary pressure, spurring analysts to expect more moves to stimulate the slowing economy by year-end.

The October consumer price index (CPI) cooled more than expected, rising 1.3 per cent from a year