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Inflation falls to 2%
Published on: 2008-12-17
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Wholesale inflation climbed 2% in November from a year earlier, easing from a 6.6% rise in October on-year, according to Market Watch. November's figures bring China's wholesale inflation rate to 7.6% for the first 11 months of the year. "China's price inflation data is now declining rapidly, building on deflationary concerns that may prompt further monetary easing," wrote Jing Ulrich, J.P. Morgan's chairwoman of China equities.
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