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Inflation in China touches five-year low

  • Inflation in China reached a five-year-low in the month of September, media reports say. Compared to a year ago, the consumer price index in September increased 1.6%, the lowest figure since January 2010.

    Inflation is now much below the Chinese government’s official yearly target of 3.5%. But experts are divided over whether Beijing will use this opportunity to shore up the economy.

    Monday’s trade data for September showed the country’s surplus was $31bn, with both exports and imports exceeding expectations.

     



    Tagged as: Inflation, China, consumer price index, September, surplus, exports, imports, business news