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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
Add BT as a preferred sourcePublished Tue, Nov 10, 2015 · 09:50 PM
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 earlier. compared with 1.6 per cent in September, National Bureau of Statistics (NBS) data showed on Tuesday. A Reuters poll expected a 1.5 per cent rise.
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