Lower Chinese inflation eases way for more government economic stimulus

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A link from Xinhuanet

Some good news for the China bulls. Consumer price inflation fell to 1.7% in October from a year earlier, its lowest reading since January 2010. Lower increases in food prices were the main reason. The government’s inflation target is 4%. Economists at HSBC said in a note that benign inflation will allow the Chinese government to press ahead with economic stimulus measures.