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Inflation at 17-month low, trade surplus up 30%
China’s inflation rate hit a 17-month low, official data showed Tuesday, leaving greater room for cutting interest rates at a time when the global crisis has made economic growth the top priority.
The consumer price index in October was up 4.0 percent in October, compared with 4.6 percent the previous month and the lowest level since May last year, according to figures from the National Bureau of Statistics … China Daily
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