China price level grows at a slower pace

Note: This section contains information in English only.
Source: Bloomberg
China is facing deflation risks, as consumer prices increased softly in May, by 1.2% on an annual basis, compared to the increase of 1.5% in April. The producer prices fell 4.6% and extended the decline of about three years. As the inflation is below a half of the official 3% targeted, the People's Bank of China has still room to ease the monetary policy further.
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