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China's January inflation drops to five-year low

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China's inflation dropped to a five-year low in January, official statistics showed with prices falling 0.8 per cent year-on-year

Beijing

CHINA'S inflation dropped to a five-year low in January, official statistics showed with prices falling 0.8 per cent year-on-year, piling pressure on the central bank to further loosen monetary policy.

Analysts had expected CPI to increase one per cent monthly, according to

sentifi.com

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