Consumer prices in China fall at fastest pace since 2009

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The People’s Bank of China (PBoC) has said it expects a modest rebound in consumer prices, after the country’s consumer price index (CPI) fell at its fastest rate since September 2009.

The CPI fell by 0.8% year-on-year in January, according to data released by the National Bureau of Statistics (NBS) on February 8. This was an acceleration from the 0.3% fall reported in December. China’s CPI has now been in negative territory for four consecutive months.

The decline last month was mainly the result

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