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China inflation data shows central bank policy dilemma

BEIJING, 31 MAY, (DNA) – China’s annual consumer inflation rose by more than expected in April while factory prices fell for a 14th consecutive month, highlighting the dilemma facing the central bank as it balances support for the economy against the threat of rising prices. With global growth sputtering, China’s central bank has limited room to move, unlike counterparts in South Korea and Australia which both made surprise rate cuts this week. Any easing could fuel property market risks, while tightening would hurt a nascent recovery after economic growth unexpectedlyRead More