Fri, 11 May 2012 10:30:12 GMT
China's inflation eased last month
China's CPI slowed down in April, increasing hopes for more loosening monetary policy in the country. The CPI grew by 3.4% last month on an annual basis, slumping by 0.1% from the preceding month. At the same time, PPI slid by 0.7% last month on a yearly basis, declining slightly faster than a forecast of a 0.5% fall. Additional economic