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Chinese inflation off target in March


Chinese inflation off target in March

A drop in demand and low oil prices mean Chinese inflation is running below government targets.

Beijing wants inflation for this year to hit around 3 percent.

The latest figures suggest a 1.4 percent rate for March the same as the numbers for February.

China is expected to post GDP figures of around 7 percent this year down from 7.5 in 2014.

The IMF predicts that Beijing will reach 6.8 growth this year.

Official growth figures for the first quarter are due out next Wednesday.