China Inflation April 2008
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Submitted by China Economy Watch Blog
China’s consumer price inflation clung near a 12-year high in April, maintaining pressure on the government to stick to its tight policy stance in spite of softening global growth. For authorities who have insisted their priority is to tackle price rises, the quickening of annual inflation to 8.5 per cent from 8.3 per cent in March will be frustrating, while also allowing them a glimmer of optimism.
