China's Inflation Eases

BEIJING?China's consumer inflation slowed sharply to the lowest level in nearly two-and-a-half years in June, likely one key reason why the central bank was comfortable with cutting benchmark interest rates for the second time in less than a month last week.

Economists said the slower inflation is opening doors for a further loosening of monetary policy and more investments by the government in the second half to ensure the country's economy rebounds.

Other data due later this week will give a clearer picture of the extent of the slowdown in the world's second-largest economy. Trade data are due Tuesday, while ...

BEIJING?China's consumer inflation slowed sharply to the lowest level in nearly two-and-a-half years in June, likely one key reason why the central bank was comfortable with cutting benchmark interest rates for the second time in less than a month last week.

Economists said the slower inflation is opening doors for a further loosening of monetary policy and more investments by the government in the second half to ensure the country's economy rebounds.

Other data due later this week will give a clearer picture of the extent of the slowdown in the world's second-largest economy. Trade data are due Tuesday, while ...

Source: http://online.wsj.com/article/SB10001424052702303567704577515581940693956.html?mod=rss_about_china

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