China's inflation falls, giving room for stimulus
BEIJING, Aug 9 (AP/UNB) - China's inflation fell further in July, giving the government more room to stimulate weak economic growth.
Data reported Thursday showed consumer prices rose 1.8 percent, down from the previous month's 2.2 percent rate and well below last year's highs.
That gives Beijing more room to cut interest rates or take other steps to shore up economic growth that has slowed sharply this year without the risk of igniting a new price spike.
Data reported Thursday showed consumer prices rose 1.8 percent, down from the previous month's 2.2 percent rate and well below last year's highs.
That gives Beijing more room to cut interest rates or take other steps to shore up economic growth that has slowed sharply this year without the risk of igniting a new price spike.
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