Fall in China inflation raises global growth hopes

China's annual inflation rate fell to 5.5pc in October from September's 6.1pc, the biggest drop since February 2009 and a further decline from July's three-year peak of 6.5pc. The figure was in line with analysts' expectations.


China has identified inflation as a key threat to stability and Premier Wen Jiabao said prices had fallen further since October. "Since October, overall domestic prices have been falling noticeably," he was quoted as saying by a government website.


The data soothed investors' concerns about a sharp slowdown, supporting commodity prices and underpinning Chinese shares. With inflation apparently coming under control, speculation is growing that Beijing will start favouring pro-growth policies again, helping support weakening global growth.

Read Full Article from Telegraph.co.uk

- Posted: 2011-11-09 14:41:47

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