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China's inflation rate reaches record high


economy

China's inflation rate reaches record high

China’s inflation rate has risen to a seven-month high of 3.1 percent.

Driven by poor weather, food prices have gone up, limiting the central bank’s scope to weigh in to support the economy, even though exports have shown a surprise decline.

But with Beijing trying to ease credit-fuelled investments, few analysts expect a further sharp rise in inflation or policy tightening in coming months as the world’s second-largest economy still faces a weak global environment.

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