China inflation to maintain mild growth: state planner

[BEIJING] China's economic planner said on Thursday that consumer prices will continue to growth at a mild pace in coming months, amid investors' concerns about deflationary pressures in the economy.

The National Development and Reform Commission told a briefing in Beijing on Thursday that China will not see big increases in consumer prices.

The consumer price index (CPI) rose 1.6 per cent in September from a year earlier, lower than expectations of 1.8 per cent and down from August' s 2.0 per cent, the National Bureau of Statistics (NBS) data showed on Wednesday.

Chinese manufacturers have continued to cut selling prices to win business this year in the face of persistently weak demand and overcapacity.

REUTERS