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China's slowing wholesale deflation takes pressure off central bank

Producer price index down 1.7% in July from a year ago, smaller than June's 2.6% decline


CHINA's factory price deflation moderated further in July, with prices falling at their slowest pace in two years, taking pressure off the central bank to cut rates as policymakers turn their focus to structural reforms and ballooning credit.

A government-led building spree...

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