Chinese inflation slowed to 1.8 per cent in July, opening up more space for the government to stimulate the stuttering economy.
Consumer price inflation has dropped to its lowest level in 30 months, after falling from June’s 2.2 per cent rise. Factory-gate inflation is even weaker, with producer prices falling 2.9 per cent in July. China will release other important economic data, including investment and industrial output, later on Thursday.
With Europe on the brink of recession and the US economy struggling, the world’s second-largest economy, stands as the brightest spot on a bleak global map. But China has also been facing trouble.
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